Our Chelsfield lawyer has discovered a discrepancy when comparing the information in the valuation report and what is revealed within the title deeds. My lawyer says that he needs to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach right?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions 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 assisting my sister sell her house in Chelsfield. Does the solicitor arrange the energy assessment or should I organise this?
After the abolition of Home Packs, energy assessments was retained a mandatory component of moving property. An energy assessment must be commissioned before the property is advertised. It is not something that conveyancers normally organise. If you are instructing a Chelsfield conveyancing practitioner they may be able to arrange energy assessments due to their relationships with long established local providers
My bid for a property was accepted at auction in Chelsfield. Conveyancing is required. What happens now?
Having for all intents and purposes signed on the dotted line you should retain a conveyancing solicitor as a matter of priority as you are faced with a tight deadline in which to complete the transaction. An auction property will have a corresponding auction pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You should hand this to the conveyancer working for you as soon as possible. Do make sure that you have funds in place to complete on the on the contractual date .
My wife and I are in the process of viewing houses in Chelsfield and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a home loan with RBS.
It would be prudent to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. Given that you are seeking a mortgage with RBS, make sure you remember to check that your lawyer is on the RBS conveyancing panel.
Should our solicitor be asking questions about flooding during the conveyancing in Chelsfield.
Flooding is a growing risk for solicitors dealing with homes in Chelsfield. There are those who acquire a property in Chelsfield, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a various checks that can be initiated by the buyer or by their lawyers which will give them a better appreciation of the risks in Chelsfield. The conventional set of property information forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to find out whether the property has suffered from flooding. If the residence has been flooded in past which is not notified by the owner, then a buyer could bring a claim for damages as a result of such an incorrect answer. The purchaser’s lawyers should also conduct an environmental report. This should indicate whether there is a recorded flood risk. If so, further investigations will need to be made.
I used Stirling Law several years past for my conveyancing in Chelsfield. I now require my file however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Chelsfield of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a leasehold apartment up to £195,000 and identified one round the corner in Chelsfield I like with open areas and transport links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Chelsfield in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan that many years will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I'm converting the mortgage on my existing property to a buy to let loan with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on further house. The area we are talking about is Chelsfield. Will your solicitors be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our comparison tool on this page to be sure that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer will be able to simultaneously deal with the two transactions but you should talk with you lawyer and make clear your desired outcome and requirements.