My Lakenheath lawyer has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation survey and what is revealed within the conveyancing documents. My lawyer informs me that he needs to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach legitimate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
We have a mortgage agreed in principle with Virgin Money. Lakenheath conveyancing lawyers are instructed. How long does it take for Virgin Money to send the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Virgin Money conducted the valuation? Have you advised Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
The formalities of my purchase has taken place for my property in Lakenheath. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Barclays have agreed my mortgage in principle, my offer on a apartment in Lakenheath has been accepted, what are the next steps?
The estate agent will want to be advised as to your conveyancer's details (ensure that the property lawyers are on the lender’s approved list). Call up Barclays or your financial adviser and finish off any appropriate documentation. Barclays will instruct a valuer who will get in contact with the selling agent or seller to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes about ten days to get a mortgage offer. Barclays will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Lakenheath.
Should commercial conveyancing searches disclose impending roadworks that may affect a commercial site in Lakenheath?
Its becoming the norm that commercial conveyancing solicitors in Lakenheath will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Lakenheath. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Lakenheath.
For every commercial conveyancing transaction in Lakenheath it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Lakenheath commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Lakenheath.
I purchased a semi-detached Edwardian house in Lakenheath. Conveyancing lawyer acted for me and Yorkshire Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register for 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 Lakenheath and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing solicitor who conducted the purchase.
I am purchasing a new build house in Lakenheath with a loan from Bank of Scotland. The developers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not reveal to my lawyer about the side-deal as it may affect my mortgage with Bank of Scotland. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How easy is it to use your search app to get a fee calculation from a conveyancing lawyer in Lakenheath on the approved list for my mortgage?
Step one is to select a lender such as Barclays , The Royal Bank of Scotland or Nottingham Building Society then type in your preferred area such as Lakenheath. Conveyancing practices in Lakenheath and further afield will then be listed.