My Merriott solicitor has discovered an inconsistency when comparing the assumptions in the home valuation survey and what is in the legal papers for the property. My solicitor says that he is obliged to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s stance appropriate?
Your conveyancer 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 you.
Can your site be used to recommend a Conveyancing solicitor in Merriott even where I’m not buying or selling a house, for example if I wish to acquire a shop in Merriott with a mortgage from The Mortgage Works?
The service is primarily there to select residential conveyancing solicitors in Merriott but we have set out at the end of this page a few Merriott commercial conveyancing firms. You should make contact with the company directly to see if they can also act for The Mortgage Works
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel solicitor as I would much rather instruct a high street conveyancing solicitor in Merriott?
You should check but the chances are that give you one of their panel solicitors where you accept the "fee-free" incentive. Contact the lender and see if they offer you a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Merriott.
I happen to be the sole recipient of my late grandmother’s will and I have everything in my name now, including the house in Merriott. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my property ownership may be regarded the same way as if I'd bought the property in October. Do I have to wait 6 months to sell?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. many banks would take a practical view as this clause is primarily there to capture the purchase and immediately sell or the wholesaling and assigning of properties.
It is unclear whether my lender requires a lease extension. I have telephoned my Merriott building society branch on a couple of occasions and was reassured it wasn't an issue and they would lend. My Merriott conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. Who do I believe?
As long as the conveyancing practitioner is on the bank panel, they must comply with the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Yorkshire BS have agreed my mortgage in principle, my bid on a house in Merriott has been agreed to, now what?
The property agent will want to know who your solicitors are (be sure the solicitors are on the lender’s approved list). Contact Yorkshire BS or your broker and complete any appropriate paperwork. Yorkshire BS will sellect a valuer who will get in touch with the estate agent or owners to arrange a slot for the valuation to occur. Once conducted (assuming no problems) it takes about a week to receive the mortgage offer. Yorkshire BS will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Merriott.
I am downsizing from my house. My former solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Merriott if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Merriott. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Is there a difference between surveying and conveyancing in Merriott?
Conveyancing - in Merriott or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the vendor to remedy the defects before you move in.