Our Timsbury lawyer has discovered a difference when comparing the assumptions in the home valuation survey and what is in the title deeds. My lawyer says that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action appropriate?
Your solicitor 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 both parties.
When does exchange of contracts take place for purchase conveyancing in Timsbury and do I need to attend the lawyers branch?
Where you are local to one of the conveyancing solicitors in Timsbury you are welcome to come in to sign the paperwork. That being said, the law practices we work with supply a national conveyancing service and give as equally diligent and professional a job for you when dealing with you digitally. The executing of the contract is not the point of no return. Signing on the dotted line simply enables the solicitor to address the formalities at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Timsbury)to be in the office at the appropriate time.
I opted to have a survey carried out on a house in Timsbury before retaining solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some lenders tend not give a mortgage on this type of house.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Timsbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Timsbury to see if the conveyancing costs will increase in light of this.
How do I use your search tool to select a conveyancing solicitor in Timsbury on the approved list for my mortgage?
1st choose a lender such as Accord Mortgages Ltd, The Mortgage Works or Bank of Ireland then type in your preferred area e.g. Timsbury. Conveyancing practices in Timsbury and across England and Wales should be shown.
My step-father has suggested that I instruct his lawyers for conveyancing in Timsbury. Should I choose my own solicitor?
No doubt it’s preferable to choose a conveyancing practitioner is to have referrals from friends or family who have actually used the solicitor you're contemplating using.