The Faringdon conveyancing firm handling our Faringdon conveyancing has discovered a difference between the information in the home valuation report and what is revealed within the title deeds. My solicitor informs me that he must check that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action 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 both parties.
Finally the sale completed on my house in Faringdon last September but the buyer keeps calling daily to say his solicitor needs to hear from myconveyancer. What should my lawyer have done following completion?
After completion of your house sale your conveyancer is duty bound to deliver the transfer deeds and all of the paperwork to the buyer’s conveyancer. Where appropriate, your conveyancer should also evidence that the mortgage has been discharged to the purchasers lawyers. There are no post completion steps peculiar conveyancing in Faringdon.
My apartment in Faringdon is up for sale and I have a buyer. Will my property lawyer need to be on the Santander conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently currently.
What is your number one tip for finding a conveyancing solicitor in Faringdon
We would encourage you not to base your choice on the lowest Faringdon conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
We are buying a 4 bedroom semi-detached house in Faringdon. Our aim is to convert the garage to a playroom at the house.Will legal investigations on the property involve enquiries to see if these alterations were previously refused?
Your conveyancer will review the registered title as conveyancing in Faringdon can occasionally identify restrictions in the title documents which prevent categories of changes or require the permission of another owner. Certain extensions need local authority planning consent and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
After weeks of negotiation I have agreed a price on an apartment in Faringdon. My mortgage broker pressured me to appoint their conveyancer. I paid an on account payment of £175. Not long after, the property lawyer called me to say that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have been told that property searches are the number one reason for obstruction in Faringdon house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Faringdon.
How does conveyancing in Faringdon differ for newly converted properties?
Most buyers of new build property in Faringdon contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Faringdon usually buy the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Faringdon or who has acted in the same development.