Our Southwell lawyer has identified a discrepancy between the assumptions in the valuation report and what is revealed within the legal papers for the property. My lawyer has advised that he is duty bound to check that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action right?
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.
I happen to be the single beneficiary of my late mum's estate and I have everything in my name now, including the house in Southwell. The Southwell property was put into my name in March. I want to move. I do know about the CML six month 'rule', meaning my proprietorship may be regarded the same way as though I had purchased the property in March. Will no one buy the property for half a year?
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 may be affected by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this requirement principally exists to pick up on subsales or the wholesaling and assigning of properties.
Last month we had a mortgage agreed in principle with Skipton. Southwell conveyancing practitioners are instructed. How long does it take for Skipton to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Skipton done the survey? Have you informed Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am selling my house. I had a double glazing fitted in February 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, UBS are being pedantic. The Southwell solicitor who is on the UBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but UBS are requiring a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I used Wolstenholmes a few years past for my conveyancing in Southwell. I now require my papers but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Southwell of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey carried out on a property in Southwell before retaining solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies will not grant a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Southwell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Southwell to see if the conveyancing costs will increase in light of this.
My step-father has suggested that I appoint his conveyancers in Southwell. Should I choose my own solicitor?
No doubt the best way to select a conveyancing practitioner is to have referrals from friends or relatives who have used the firm that you are are thinking of instructing.
Is it true that a Southwell conveyancing company taken to court by clients for not carrying out comprehensive conveyancing investigations?
Our attention has not be brought to such a Southwell conveyancing matter but according to a recent report, clients acquiring a home elsewhere in England successfully sued their solicitor as a consequence of development permission to build a wind farm failing to be picked up in conveyancing searches.
Where you are buying in Southwell It is essential that your conveyancing practitioner purchase all Southwell conveyancing searches needed making sure that you have accurate and up to date information ahead of purchasing a property.