The Alton conveyancing firm handling our Alton conveyancing has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is revealed within the title deeds. My solicitor informs me that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s approach legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions 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 clueless as to the Alton conveyancing process what is your top tip you can give me concerning the home moving process in Alton
Not many law firms shout this from the rooftops but conveyancing in Alton and elsewhere in England and Wales is often a confrontational process. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and others involved in the legal transfer of property. For example, the vendor, estate agent and even potentially a lender. Choosing a solicitor for your conveyancing in Alton an important selection as your conveyancer is your adviser, and is the ONE person in the process whose role it is to protect your best interests and to keep you safe.
Sometimes a third party with a vested interest may try and persuade you that it is in your interests to do things their way. As an example, the estate agent may claim to be assisting by claiming that your conveyancer is wrong. Or your mortgage broker may try to convince you to do something that is contrary to your lawyers advice. You should always trust your lawyer above all other parties in the conveyancing process.
I just bought a property at auction in Alton. Conveyancing is needed. What is next?
Given that you have now exchanged you will need to instruct a conveyancing lawyer soon as you now have a tight a drop dead date to complete the conveyancing. Every auction property should have a corresponding legal pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You must pass this on to the solicitor instructed by you at the earliest opportunity. You also need to ensure that your finances are in place to complete on the date specified in the contract.
When it comes to mortgage companies such as Virgin Money, do Alton conveyancing practitioners face a fee to be on the list of approved solicitors?
We are unaware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I have a mortgage with Santander for my property in Alton. Conveyancing was finalised some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Santander?
You must advise Santander before renting your property as this is likely to be a breach of Santander’s mortgage conditions. It may be that Santander will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Santander directly. You need not do this via a Santander conveyancing panel solicitor.
What does commercial conveyancing in Alton cover?
Alton conveyancing for business premises incorporates a broad array of guidance, supplied by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My brother has recommend that I instruct his conveyancers in Alton. Do I follow his recommendation?
No doubt the ideal way to choose a conveyancing lawyer is to seek recommendations from friends or relatives who have previously instructed the firm that you are are thinking of instructing.
A licensed conveyancer handled my conveyancing in Alton half a dozen years ago and was holding my registration documents but has now closed – What can I do to retreive them?
Deeds, as such, are no longer appropriate for the majority of properties in Alton are registered electronically at Land Registry. Where you need to establish ownership or are disposing of or refinancing your lawyer can obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.