The Waltham Abbey conveyancing firm handling our Waltham Abbey conveyancing has spotted a discrepancy between the assumptions in the valuation report and what is revealed within the title deeds. My lawyer has advised that he is duty bound to ensure that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s approach legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
What is the difference between a licensed conveyancer and conveyancing solicitor in Waltham Abbey
There are many recorded licenced Conveyancers in Waltham Abbey and Solicitor firms in Waltham Abbey who can help with your conveyancing We would stress that both are regulated professionals specialising in the legal work in the home buying process. They may both also handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Completion of my remortgage has taken place for my property in Waltham Abbey. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
After much negotiation I have agreed a price on a house in Waltham Abbey. My mortgage broker suggested a conveyancing practitioner. I paid an upfront payment of £150. A couple of days later, the solicitor called me sheepishly admitting that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My wife and I have a semi-detached Victorian house in Waltham Abbey. Conveyancing solicitor represented me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Waltham Abbey and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing solicitor who conducted the conveyancing.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in Waltham Abbey I like with a park and transport links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Waltham Abbey suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
We are 3 weeks into a freehold purchase having been directed to a firm by the high street agent to carry out the conveyancing in Waltham Abbey. I am am very frustrated with the quality of service. Can you help me find new lawyers?
They would have to be very bad to suggest replacing them. Has your mortgage offer been generated? In the event that it has you must make them aware of the new lawyer and get the offer are issued to the new lawyers. Your new solicitor ideally should be on the mortgage company panel to avoid supplemental expenses and complications. That should be your first question of the new conveyancers. The search tool will assist you in finding a lender approved conveyancer for your home move in Waltham Abbey