Our Brough conveyancer has discovered an inconsistency when comparing the surveyor’s assumptions in the home valuation report and what is revealed within the conveyancing documents. My lawyer informs me that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach right?
Your conveyancing practitioner 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.
Have just purchased a repossessed house at auction in Brough. Conveyancing is necessary. What are my next steps?
Now that you have exchanged you should retain a conveyancing practitioner quickly as you are facing a fast approaching a fixed date to complete the conveyancing. Every auction property will have a corresponding auction pack. This should include evidence of title and search results. If you have purchased leasehold premises the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You must hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
I am expecting a OIP from Virgin Money this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Brough solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Brough solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
After shopping around on the internet I have found a Brough property lawyer having made sure that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Brough postcode. As you are getting a mortgage with Virgin Money, you could contact them to see if they have a list of approved surveyors in Brough.
Me and my brother purchased a 4 bedroom Victorian house in Brough. Conveyancing lawyer represented me and Alliance & Leicester . I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Brough and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who conducted the work.
I am purchasing my first flat in Brough with the aid of help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not reveal to my lawyer about this deal as it may jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking to sell my home. My past solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Brough if that makes things easier.
Do use our search tool to help you find a solicitor for your conveyancing in Brough. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I have recently had an offer accepted on an apartment in Brough and the broker that we are dealing with recommended his solicitor. She quoted £800 plus VAT and disbursements. Does this sound reasonable?
You should not rely on a single estimate. You should seek like-for-like quotes for your conveyancing in Brough. Then select one that you trust and just as important, is on the approved panel of the bank that you have applied for a mortgage from.