Our Morganstown lawyer has identified an inconsistency when comparing the surveyor’s assumptions in the home valuation survey and what is revealed within the title deeds. My solicitor has advised that he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach correct?
Your solicitor 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.
Are the Morganstown conveyancing solicitors identified as being on the TSB conveyancing panel, together with their details provided by TSB?
Morganstown conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
I have been referred to a conveyancing solicitor in Morganstown. I I would like to check whether they are on the Britannia approved list of lawyers. Can you or the lender confirm if they are on the panel?
You should contact your conveyancer and ask them whether they are on the lender panel. Otherwise please call Britannia who may be able to help.
I am buying a house and the conveyancer has mentioned Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this really warranted for conveyancing in Morganstown
Unless a prior purchase of the house took place after 12 October 2013 you could assume that conveyancing practitioners delivering conveyancing in Morganstown to continue to recommend a chancel search and or chancel repair liability insurance.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Morganstown is where the house is located. Is there any advice you can give?
Flying freeholds in Morganstown are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Morganstown you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Morganstown may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My work colleague mentioned that before selecting a conveyancing firm they must be approved by your bank. I am new to the process but I have an offer in principle with Birmingham Midhshires and I already have a high street conveyancing solicitor in Morganstown on standby. Can Santander insist on an approved conveyancer to be selected? Does a list of panel conveyancers even exist for my conveyancing in Morganstown?
You need to use a solicitor that is on the Santander panel. The first thing to do is telephone your chosen Morganstown conveyancing lawyer to check if they are on the Santander panel. If they are not on the panel you have a number of choices available to you here:
- Carry on with your preferred Morganstown solicitor but Santander will no doubt instruct a solicitor on their conveyancing panel. The net impact is additional cost together with probable interruption.
- Choose a new conveyancer to act in the purchase, ensuring that they are on the Santander conveyancing panel.
- Convince your solicitor to pull out all the stops to get accepted on the Santander conveyancing panel.