The Polegate conveyancing firm handling our Polegate conveyancing has discovered an inconsistency between the assumptions in the valuation report and what is revealed within the legal papers for the property. My solicitor informs me that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?
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 both parties.
In what way does my ID and proof of funds have anything to do with my conveyancing in Polegate? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you are required to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you are unwilling to supply ID verification documents, your conveyancer would not be able to act for you.
I am the only beneficiary of my late mum's estate and I have everything in my name now, including the my former home in Polegate. The Polegate property was put into my name in July. I plan to dispose of the house. I do know about the CML 6 month 'rule', meaning my property ownership will be considered the same way as though I had purchased the property in July. Is the property unsalable for six months?
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 sensible view as this requirement is principally there to pick up on subsales or the quick reselling of properties.
Two weeks ago we had a mortgage agreed in principle with Principality. Polegate conveyancing lawyers were selected. How long does it take for Principality to forward the offer to the property lawyer?
Some lenders take longer than others. Have Principality conducted the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Having read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Polegate solicitor - who is on the Barclays conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Polegate surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Due to the guidance of my in-laws I had a survey completed on a house in Polegate prior to retaining lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks will not issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. If you e-mail us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Polegate. Conveyancing may be slightly more expensive based on your lender's requirements.
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At this site obtain a conveyancing quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Polegate. As opposed to estate agents and many comparison sites we do not operate kick-back deals with solicitors. Some agents and online brokers 'recommend' solicitors paying the most per referral, not the best value conveyancing in Polegate
I purchased a flat in Polegate last 30/7/2025 and to date it is still not registered with HMLR. It is part of a development site and my property lawyer told me that it can take twelve months to register. I have called HMLR directly and they say that the original application was cancelled due to failure to reply to requisitions. What can I do?
Contact your property lawyer - if you are not getting sensible responses, enquire as to their internal complaints process and escalate your problem to a Complaints Manager. Registrations for Polegate conveyancing are not known to be especially complex.