Our Chelmsford lawyer has uncovered an inconsistency between the assumptions in the valuation survey and what is in the title deeds. My lawyer says that he needs to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions 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.
As someone unfamiliar with conveyancing in Chelmsford what is the number one tip you can give me concerning the legal transfer of property in Chelmsford
Not many law firms shout this from the rooftops but conveyancing in Chelmsford and elsewhere in Essex is an adversarial experience. Put another way, when it comes to conveyancing there is an abundance of opportunity for confrontation between you and other parties involved in the ownership transfer. For example, the vendor, estate agent and sometimes a lender. Choosing a lawyer for your conveyancing in Chelmsford is a critical decision as your conveyancer is your adviser, and is the SOLE person in the legal process whose responsibility is to act in your legal interests and to keep you safe.
There is a distinct emergence in the "blame" culture- someone must be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your solicitor above the other players when it comes to the legal transfer of property.
My Solicitor in Chelmsford has never been on on the Accord Mortgages Ltd Solicitor Panel. Can I still retain my family solicitor even though they are not on the Accord Mortgages Ltd panel?
The limited options open to you here include:
- Carry on with your existing Chelmsford solicitors but Accord Mortgages Ltd will need to use a lawyer on their panel. This will inevitably rack up the total legal fees as well as result in delays.
- Get a new lawyer to act in the conveyancing, not forgetting to check they are Accord Mortgages Ltd approved.
- Persuade your Accord Mortgages Ltd solicitor to seek to join the Accord Mortgages Ltd panel
What will a local search tell me regarding the property my wife and I buying in Chelmsford?
Chelmsford conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search plays a central part in many a Chelmsford conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I purchased my apartment on 1 April and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Chelmsford said it should be formalised in less than a month. Are properties in Chelmsford uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Chelmsford registration formalities. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any other persons or bodies. As of today approximately 80% of submission are fully dealt with in less than three weeks but occasionally there can be extensive delays. Registration takes place after the purchaser has moved in to the property therefore 'speed' is not always top priority yet where it is urgent that the the registration takes place urgently then you or your lawyers could contact the land registry and explain the circumstances.