Our Easton conveyancer has discovered a difference between the information in the home valuation report and what is revealed within the title deeds. My lawyer says that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?
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.
Do lenders provide you with an approved list of Easton conveyancing solicitors? How do you know who is on the HSBC conveyancing panel?
Easton 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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Easton
Two types of professional can do conveyancing in Easton namely CLC regulated conveyancers or solicitors. The two can provide conveyancing services that you need to complete the disposal or purchase of property. Both are obliged to conduct Easton conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly administered and that the requirements and procedures will be suitably taken.
I am buying a property in Easton. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide be concerned?
As you are obtaining a mortgage with Nationwide your lawyer must follow the conveyancing requirements outlined in Part two of UK Finance Lenders’ Handbook for Nationwide. The Council of Mortgage Lenders’ Handbook contains minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to Nationwide where a lease does not meet these specifications. The provisions relate to the installation of panels on properties countrywide and is not restricted to Easton.
After shopping around on the internet I have found a Easton conveyancer having checked 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 property lawyer 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 Easton 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 Easton.
My wife and I have a renovated Georgian house in Easton. Conveyancing solicitor represented me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Easton and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing practitioner who completed the work.
I opted to have a survey done on a property in Easton before appointing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some banks tend not grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Easton. Conveyancing will be smoother if you use a solicitor in Easton especially if they regularly deal with such properties in Easton.
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At this site get an accurate costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Easton. As opposed to estate agents and many comparison sites we do not have commission deals with solicitors. Some agents and online brokers 'recommend' the firm that pays the highest per referral, as opposed to the best value conveyancing in Easton