The Nailsea conveyancing firm handling our Nailsea conveyancing has identified a discrepancy between the information in the home valuation report and what is revealed within the legal papers for the property. My lawyer has advised that he must check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach right?
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 you.
we are a couple who are buying a 1 bedroom apartment in Nailsea with a loan from National Westminster Bank.We use our Nailsea conveyancing lawyer but National Westminster Bank says his firm is not listed on their approved list of member firms. We have to appoint a National Westminster Bank panel firm or retain our high street solicitor and fork out for a National Westminster Bank panel lawyer to represent them. This seems very unfair; Can we not simply insist that National Westminster Bank use our lawyer?
No, not really. The mortgage issued to you contains terms and conditions, a common one being that conveyancers needs to be on the National Westminster Bank approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for National Westminster Bank
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial site in Nailsea?
Many commercial conveyancing solicitors in Nailsea will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Nailsea. The search result provides definitive data 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 Nailsea.
For each commercial conveyancing transaction in Nailsea it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Nailsea commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Nailsea.
Just had an offer accepted on a new build apartment in Nailsea. 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.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Nailsea
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Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Nailsea is the location of the property. Is there any advice you can impart?
Flying freeholds in Nailsea are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Nailsea you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Nailsea may ascertain 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.
I have been sourcing a conveyancing practitioner in Nailsea for my sale. Is it possible to see a firm’s complaints history with the profession’s regulator?
One can see published Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA could monitor call for training purposes.