My Gaydon solicitor has uncovered a difference when comparing the information in the valuation report and what is revealed within the conveyancing documents. My lawyer has advised that he must ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
I had intended to instruct a property lawyer in Gaydon for our house purchase. Our financial adviser informed us that our mortgage company Britannia won't deal with them. Surely this is unfair competition?
Before the recession most lenders had a different appetite for risk. Almost all Gaydon conveyancing firms would have been on most lender panels. The Financial Services Authority in 2010 carried out a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms relating to their operations and their employees and set certain criteria such a completing on a minimum number of conveyancing. Many Gaydon conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Gaydon is one of the many areas where the lawyers we list are on the panel for Britannia.
I am buying a new build flat in Gaydon. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Gaydon
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I was recommended by a few estate agents in Gaydon to choose a solicitor on your site. What’s the financial incentive for Estate Agents to recommend your lawyers ahead of a competitor’s?
We refuse to make any financial incentive for directing people our way. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
As co-executor for the estate of my father I am disposing of a house in Monmouth but I am based in Gaydon. My solicitor (who is 300 kilometers awayrequires that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Gaydon who can attest this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Gaydon based
Do online conveyancing organisations do everything a local Gaydon solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Gaydon?
Where you use an online conveyancer they will cover all the tasks your Gaydon conveyancer will cover.