My Longton conveyancer has identified a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is revealed within the legal papers for the property. My lawyer informs me that he must check that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s stance right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications 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.
We're in Longton, First time buyers purchasing with a mortgage (lender is TSB , and our lawyer is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My father advised me that in purchasing a property in Longton there may be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of a number of properties in Longton which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Longton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We were going to get a DIP from Aldermore this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Aldermore recommend any Longton solicitors on the Aldermore conveyancing panel, or is it better to go independently?
You will need to appoint Longton solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
I'm at the point of looking at houses in Longton and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a home loan with RBS.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are seeking a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
I need some quick conveyancing in Longton as I have a deadline to complete within one month. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you have the choice not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Longton the following are examples of issues that can appear and adversely impact the marketability of the property: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
I decided to have a survey done on a property in Longton before retaining lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders tend refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Longton. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I best advised to instruct a Longton conveyancing practitioner based in the vicinity that I am hoping to buy? An old friend can handle the legal formalities however her office is a couple of hundredkilometers away.
The benefit of a local Longton conveyancing practice is that you can pop in to sign paperwork, hand in your ID and pester them where appropriate. Having local Longton know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were impressed that must trump using an unknown Longton conveyancing lawyer just because they are local.