My Barlaston lawyer has spotted a discrepancy when comparing the assumptions in the home valuation report and what is revealed within the title deeds. My solicitor has advised that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements 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 both parties.
Can I use your services to find a Conveyancing solicitor in Barlaston even where I’m not purchasing or disposing of a house, for example if I wish to acquire a shop in Barlaston with a mortgage from Bank of Scotland?
Our search tool is mainly used to locate residential conveyancing solicitors in Barlaston but we have set out towards the end of this page a selection of Barlaston commercial conveyancing firms. You should enquire with the firm directly to check if they can also act for Bank of Scotland
Are there restrictive covenants that are commonly picked up as part of conveyancing in Barlaston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Barlaston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Barlaston differ for newly converted properties?
Most buyers of new build or newly converted property in Barlaston come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Barlaston usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Barlaston or who has acted in the same development.
Do I stop the direct debit for my mortgage with Bank of Ireland as soon as a completion date for my home sale in Barlaston has been agreed?
No, you must maintain meeting any mortgage payments to Bank of Ireland until the mortgage is repaid on completion as part of your Barlaston conveyancing.