The Hedge End and Botley conveyancing firm handling our Hedge End and Botley conveyancing has identified an inconsistency when comparing the surveyor’s assumptions in the home valuation survey and what is in the title deeds. My lawyer informs me that he must check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action legitimate?
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.
Should conveyancers ask for money up-front for my conveyancing in Hedge End and Botley?
If you are buying a property in Hedge End and Botley your solicitor will request that you to provide them with monies to cover the search fees. Normally this is requested to cover the fees of the conveyancing searches. If any down payment is as part of the sale price then this will be required shortly prior to exchange of contracts. Any further balance that is due will be payable a few days ahead of the completion date.
My brother-in-law has suggested I instruct a conveyancing solicitor in Hedge End and Botley. I I am struggling to find out whether they are on the Bank of Scotland conveyancing panel. Can you help?
You should contact the lawyer and enquire if they are on the lender panel. Otherwise you can call Bank of Scotland who may be able to help.
Over the last few months I have been searching for a flat up to £305k and found one near me in Hedge End and Botley I like with amenity areas and railway links in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Hedge End and Botley in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
Me and my husband are first time buyers just having agreed a price on a property in Hedge End and Botley, and need to get solicitors lined up. I have used the numerous rating tools and the quotes are from all across the country. Is it important to have a Hedge End and Botley property lawyer local to the prospective new home? We are fine to do everything electronically, but I am thinking at some stage we may be required to physically go into the property lawyer's office to sign documents?
Usually there is no requirement to attend the office of your lawyer, they can post any relevant documents to you, which you can sign and send back. Many home movers nevertheless opt to use a locally based solicitor, but it's by no means a prerequisite for conveyancing in Hedge End and Botley.