Our Canvey Island conveyancer has discovered an inconsistency between the surveyor’s assumptions in the home valuation report and what is in the conveyancing documents. My solicitor informs me that he needs to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action correct?
Your property lawyer 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.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would prefer to instruct a local conveyancing solicitor in Canvey Island?
You should check but the chances are that appoint one of their panel lawyers should you accept the "fee-free" incentive. Call the mortgage company and see if they make available a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Canvey Island.
Is it the case that all Canvey Island CQS (Conveyancing Quality Scheme) solicitors are on the Kent Reliance conveyancing panel?
A selection of banks and building societies now use CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
I am expecting a OIP from Coventry BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Canvey Island solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Canvey Island solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
It is not clear whether my bank requires a lease extension. I have called into my local Canvey Island bank branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Canvey Island conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
The property lawyer must follow the CML Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial site in Canvey Island?
Its becoming the norm that commercial conveyancing solicitors in Canvey Island will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Canvey Island. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Canvey Island.
For each commercial conveyancing transaction in Canvey Island it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Canvey Island commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Canvey Island.
I am looking into buying my first house which is in Canvey Island and I am already nervous. I couldn't find anything specific about Canvey Island. Conveyancing will be needed in due course but do you know about the Canvey Island area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Canvey Island. In the meantime here are some basic statistics that we found
Are there any distinct advantages to choosing a local property lawyer in Canvey Island
Many purchasers and sellers in Canvey Island select a local property lawyer so that they can visit in the event that they have concerns, and to collect paperwork without using the post.
Some would allege that there is a distinct edge when using a conveyancing practitioner local to the property you are purchasing, due to the in-depth knowledge of the area and potential local concerns - nevertheless this is debatable. Most conveyancers undertaking their work via email and may be anywhere in the world.