The Crews Hill conveyancing firm handling our Crews Hill conveyancing has spotted a difference when comparing the surveyor’s assumptions in the home valuation survey and what is in the legal papers for the property. My solicitor says that he needs to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s stance correct?
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 both parties.
Is there a reason why leasehold purchase conveyancing in Crews Hill is more expensive?
The conveyancing costs on a leasehold premises in Crews Hill is inevitably greater when contrasted to a freehold property. This is because there is an amount of supplemental investigations required in communicating with the landlord and managing agents to collate the information concerning whether the rent and service charges have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.
What happens if my solicitor is suspended from the Kent Reliance Conveyancing panel ahead of completing my conveyancing in Crews Hill?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Do I need to take out insurance to cover chancel repairs when purchasing a property in Crews Hill?
Unless a prior acquisition of the house took place after 12 October 2013 you can assume that solicitors carrying out conveyancing in Crews Hill to continue to recommend a chancel search and or chancel repair liability policy.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Crews Hill is the location of the property. Is there any advice you can impart?
Flying freeholds in Crews Hill are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crews Hill you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crews Hill may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it possible to change conveyancer as I have to retain one who is on the Yorkshire Building Society conveyancing list. I instructed a family conveyancing solicitor in Crews Hill round the corner but she is not approved by Yorkshire Building Society
We will our best to assist in finding you a conveyancing solicitor in Crews Hill on the Yorkshire Building Society panel. Please note that the solicitors that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Crews Hill. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Crews Hill.