Our Consett conveyancer has spotted an inconsistency between the surveyor’s assumptions in the home valuation report and what is in the conveyancing documents. My lawyer says that he is duty bound to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s stance right?
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 you.
Do lawyers request an advanced payment for my conveyancing in Consett?
Where you are retaining lawyers for conveyancing in Consett your solicitor will ask you place them with monies to cover the the cost of the conveyancing searches. Normally this is asked for to cover the fees of the Local Authority Search. If any down payment is as part of the purchase price then this should be needed immediately ahead of contracts are exchanged. The closing balance that is due should be transferred a couple of days ahead of the day of completion.
What will a local search inform me regarding the house we're buying in Consett?
Consett conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company for example Xpress Legal The local search plays an important part in most Consett conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (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.
Due to the guidance of my in-laws I had a survey completed on a property in Consett before retaining lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks will not give a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Consett. Conveyancing will be smoother if you use a solicitor in Consett especially if they are accustomed to such properties in Consett.
Can you refer me to a lawyer for conveyancing in Consett (or within 5klm)? It is for a sale and purchase.My partner and I did have one appointed but just discovered that are not on the panel for Lloyds.
LenderPanel.com is restricted to being a directory service for conveyancers who wish to be listed as being on the approved conveyancing panel for Lloyds in certain areas for instance Consett . Our intention is not to recommend any specific conveyancing practitioner.