The Stoke Bishop conveyancing firm handling our Stoke Bishop conveyancing has discovered an inconsistency between the assumptions in the home valuation report and what is revealed within the title deeds. My lawyer informs me that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s course or action correct?

Your conveyancer 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.

Will conveyancers request an advanced payment when it comes to conveyancing in Stoke Bishop?

If you are buying a property in Stoke Bishop your lawyer will request that you place them with funds to cover the the cost of the conveyancing searches. Generally this is requested to cover the fees of the Local Authority Search. If any deposit is as part of the purchase price then this should be asked for shortly ahead of exchange of contracts. Any further balance that is due should be transferred a few days ahead of the completion date.

Should my lawyer be making enquiries concerning flooding during the conveyancing in Stoke Bishop.

The risk of flooding is if increasing concern for solicitors dealing with homes in Stoke Bishop. There are those who acquire a house in Stoke Bishop, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.

Solicitors are not best placed to give advice on flood risk, but there are a number of searches that may be carried out by the purchaser or by their conveyancers which should figure out the risks in Stoke Bishop. The standard information supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to discover whether the property has historically flooded. In the event that flooding has previously occurred and is not revealed by the owner, then a buyer could bring a compensation claim as a result of such an inaccurate answer. A purchaser’s lawyers may also conduct an enviro report. This will higlight whether there is any known flood risk. If so, further investigations should be conducted.

I bought my home on 9 June and my personal details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Stoke Bishop advises it would be registered inside ten days. Are properties in Stoke Bishop particularly slow to register?

There is nothing unique about conveyancing in Stoke Bishop registration formalities. Rather than based on location, timeframes can differ depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any 3rd persons or bodies. At present roughly 80% of such applications are fully dealt with within 12 days but some can be subject to protracted hold-ups. Registration takes place once the buyer has moved in to the premises thus registration formalities is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for the application to be prioritised.

Are there any apps to assist me to locate a Stoke Bishop law firm on the Nationwide Building Society conveyancing panel? I have a car and am prepared to travel upto 10miles to meet the solicitor.

You can use the tool on this website. Please pick a lender and your location and you will see a number of Stoke Bishop conveyancing lawyers located nearest you. We have detailed some Stoke Bishop conveyancing firms at the bottom of this page and you can call them to check if they are on the Nationwide Building Society panel