The Portslade conveyancing firm handling our Portslade conveyancing has spotted a discrepancy when comparing the surveyor’s assumptions in the valuation report and what is in the title deeds. My lawyer informs me that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
Your solicitor 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.
What does my ID and proof of funds have anything to do with my conveyancing in Portslade? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you need 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. If you are unwilling to supply identification documents, your lawyer would not be able to act for you.
I have been told that property searches are a common reason for obstruction in Portslade house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Portslade.
I got the keys to my home on 9 July and my personal details is yet to be registered. Should I be concerned? My conveyancing solicitor in Portslade said it should be formalised inside ten days. Are properties in Portslade uniquely lengthy to register?
As far as conveyancing in Portslade registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can vary subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any interested parties. Currently in the region of 80% of such applications are fully dealt with in less than three weeks but occasionally there can be extensive delays. Historically registration occurs after the purchaser is living at the property so 'speed' is not always top priority yet if it is urgent that the the registration takes place urgently then you or your conveyancer must speak with the land registry and explain the circumstances.
Just had an offer accepted on a new build apartment in Portslade. 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 legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Portslade
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared.
Is it possible to swap conveyancer as I need to retain a firm on the Bank of Ireland conveyancing panel. I was using a high street conveyancing solicitor in Portslade round the corner but he is not approved by Bank of Ireland
We will our best to assist in finding you a conveyancing solicitor in Portslade on the Bank of Ireland panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Portslade. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Portslade.