I was told recently by my broker that my Bracknell the law firm I have appointed is not on the bank Solicitor panel. How can I check?
The best course of action for you to take is to call your Bracknell conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a Bracknell conveyancing firm that is on the conveyancing panel for your bank.
The Bracknell conveyancing firm handling our Bracknell conveyancing has spotted a difference between the assumptions in the home valuation survey and what is revealed within the conveyancing documents. My solicitor informs me that he is duty bound to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s approach correct?
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.
My Conveyancer in Bracknell is not listed on the Godiva Mortgages Ltd Approved Panel. Can I still use my prefered solicitor notwithstanding that they are not on the Godiva Mortgages Ltd list of approved lawyers?
The limited options available to you here include:
- Complete the purchase with your preferred Bracknell lawyers but Godiva Mortgages Ltd will need to retain a lawyer on their list of acceptable firms. This will result in additional overall conveyancing fees and cause delays.
- Get an alternative lawyer to to deal with the purchase, remembering to check they are Godiva Mortgages Ltd approved.
- Try to convince your Godiva Mortgages Ltd solicitor to try to join the Godiva Mortgages Ltd panel
I am planning on selling our property in Bracknell and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Bracknell lawyer would know that there is no such problem. It does beg the question why the buyers instructed an internet conveyancing firm rather than a conveyancing solicitor in Bracknell. Having lived in Bracknell for three years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I have been on the look out for a leasehold apartment up to £195,000 and identified one near me in Bracknell I like with a park and transport links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Bracknell suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
My mum and dad cant seem to find their Bracknell property on the HM Land Registry online search facility. They have a vague memory back in the 60’s when they purchased the bungalow there were complications regarding the address not being identified on some systems.
Almost all premises in Bracknell should appear. Have you limited your search to simply the postcode. Normally it will disclose all the houses and flats inside the postcode. Assuming the property is registered it will show up with a title number. If they bought 48 years ago it's conceivable it may be not yet registered. The property might still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title papers which could be with your parent’s mortgage company.