Our High Holborn solicitor has uncovered an inconsistency between the information in the valuation survey and what is in the conveyancing documents. My lawyer says that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications 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.
As someone not used to the High Holborn conveyancing process what is your top tip you can impart for the legal transfer of property in High Holborn
You may not hear this from too many lawyers but conveyancing in High Holborn or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there is an abundance of room for confrontation between you and others involved in the legal transfer of property. For example, the vendor, property agent and on occasion your bank. Appointing a law firm for your conveyancing in High Holborn is a critical decision as your conveyancer is your adviser, and is the ONLY party in the legal process whose responsibility is to protect your legal interests and to protect you.
Every so often a third party with a vested interest will attempt to convince you that it is in your interests to do things their way. As an example, the property agent may claim to be assisting by claiming that your lawyer is slow. Or your mortgage broker may tell you to do something that is contrary to your lawyers advice. You should always trust your lawyer above all other parties in the home moving process.
Various online forums that I have frequented warn that are the primary reason for hinderance in High Holborn conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in High Holborn.
What tools are available to search for a High Holborn law firm on the Leeds Building Society conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the facility on this page. Please pick a mortgage company and your location and you will see a number of High Holborn conveyancing lawyers locally. We have listed some High Holborn conveyancing firms towards the end of this page and you can ring them to see whether they are on the Leeds Building Society panel
We are seeking to buy a repression house in High Holborn and the bank selling would like to complete within a week. Can a conveyancing practitioner complete in this timeframe? Am I best advised to use a high street High Holborn firm or an online organisation that professes to offer speedy conveyancing?
Visit your High Holborn shopping parade. Pop in to a couple of companies and ask to see a conveyancing solicitor for an estimate. Discuss your needs and get a commitment on deadlines. Choose the firm that comes across as most efficient. You need to use a solicitor on the panel of conveyancing practitioners who can act for your bank.