The Colne conveyancing firm handling our Colne conveyancing has identified a discrepancy between the assumptions in the home valuation report and what is revealed within the title deeds. My solicitor says that he is duty bound to check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance right?
Your conveyancer 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 you.
Do lenders provide you with an approved list of Colne conveyancing solicitors? How do you know who is on the HSBC conveyancing panel?
Colne conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Loughborough BS conveyancing panel for instance in Colne?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
Are there restrictive covenants that are commonly identified as part of conveyancing in Colne?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Colne. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Colne differ for newly converted properties?
Most buyers of new build or newly converted property in Colne come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Colne typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Colne or who has acted in the same development.
I have been pointed in your direction by a few selling agents in Colne to get a quote from a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to offer your services over and above alternative conveyancing organisations?
We refuse to give any financial incentive for directing people in our direction. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.