The Dinnington conveyancing firm handling our Dinnington conveyancing has uncovered an inconsistency when comparing the surveyor’s assumptions in the home valuation report and what is revealed within the legal papers for the property. My solicitor says that he must check that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach legitimate?
Your property lawyer 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.
Me and my brother own a renovated Victorian property in Dinnington. Conveyancing lawyer acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Dinnington and other areas of the country and poses no real issues for owners other than when they mortgage 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 work.
How does conveyancing in Dinnington differ for newly converted properties?
Most buyers of new build residence in Dinnington contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Dinnington tend to purchase the site, 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 conveyancing solicitors 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 Dinnington or who has acted in the same development.
Should I be wary about third parties that I am dealing with are recommending a factory type conveyancing firm rather than a High Street Dinnington conveyancing firm?
As with many professional services, often referrals from connections can be extremely useful or valuable. Yet there are lots of players in a conveyancing transaction; estate agents, financial adviser and mortgage companies might all suggest lawyers to choose. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but occasionally there exists a financial incentive behind the recommendation. You have the right to select your preferred lawyer. However, bear in mind that some mortgage providers specify a panel list of conveyancers you are obliged to use for the lender aspect of your house move.
How do I search for a Dinnington conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 10miles to meet the solicitor.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Dinnington and you will see a number of lawyer located nearest Dinnington. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.