I have just been advised by my estate agent that my Bassaleg solicitor is not on the bank Conveyancing panel. What can I do to be sure if this is correct?
You need to contact your Bassaleg lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. Where they are not on the panel they may recommend you to a Bassaleg conveyancing firm that is on the approved list of lawyers for your mortgage company.
The Bassaleg conveyancing firm handling our Bassaleg conveyancing has discovered an inconsistency when comparing the surveyor’s assumptions in the home valuation survey and what is in the title deeds. My lawyer says that he is obliged to check that the lender is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
Your 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 both parties.
I am looking to buy a property and need a conveyancing solicitor in Bassaleg who is on the Nationwide Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nationwide Building Society in certain locations such as Bassaleg. We dont recommend any particular firm.
How does conveyancing in Bassaleg differ for new build properties?
Most buyers of new build residence in Bassaleg come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Bassaleg typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bassaleg or who has acted in the same development.
Is it best to go with a Bassaleg conveyancing lawyer based in the area that I am hoping to buy? We have a good friend who can perform the legal work but they are based over three hundred kilometers away.
The benefit of a local Bassaleg conveyancing practice is that you can attend the office to execute documents, present your identification documents and pester them where appropriate. Having local Bassaleg know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were impressed that must trump using an unfamiliar Bassaleg conveyancing solicitor solely due to them being based in the area.
Should I be worried if there is a problem with one of the searches for my conveyancing in Bassaleg?
Normally, the majority of concerns arising from Bassaleg conveyancing search responses can be addressed ahead of completion or title insurance may be taken. It is important to note that even though you are acquiring the premises and may be willing to accept the search results, your lender may not, and ultimately have the final decision.