Unfortunately I am unable to travel far from Bexhill. Is there a reason why all Bexhill conveyancers are not on all lender panels?
Even though it may seem unfair for banks to restrict who can act for them, from the public’s or solicitor’s perspective, the flip side is that mortgage companies are increasingly anxious and consider it crucial to shield themselves against mortgage fraud. As a consequence of this concern banks have consolidated their conveyancing panel to a size that they are happy to control.
The Bexhill conveyancing firm handling our Bexhill conveyancing has uncovered an inconsistency between the assumptions in the home valuation survey and what is revealed within the legal papers for the property. My lawyer says that he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions 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.
I have been told that property searches are the main cause of delay in Bexhill conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Bexhill.
I decided to have a survey done on a property in Bexhill in advance of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend not grant a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bexhill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bexhill to see if the conveyancing costs will increase in light of this.
Am I best advised to choose a Bexhill conveyancing lawyer in close proximity to the house I am buying? An old friend can execute the conveyancing but they are based over three hundred kilometers away.
The primary upside of using a high street Bexhill conveyancing practice is that you can attend the office to sign paperwork, deliver your identification documents and pester them if necessary. Having local Bexhill know how is a benefit. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and on the whole were content that must surpass using an unknown Bexhill conveyancing solicitor just because they are local.
Are Bexhill conveyancing solicitors duty bound by the Law Society to supply clear conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, represent the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Bexhill or further afield.