The Thurston conveyancing firm handling our Thurston conveyancing has spotted a discrepancy when comparing the information in the home valuation report and what is revealed within the title deeds. My lawyer has advised that he is obliged to check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance correct?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
Why do I have to pay up front for conveyancing in Thurston?
Where you are retaining lawyers for conveyancing in Thurston your solicitor will request that you put them with monies to cover the search fees. Normally this is requested to cover the fees of the Local Authority Search. When the deposit is as part of the sale price then this will be required immediately prior to exchange of contracts. Any further balance that is needed should be sent to your lawyer a few days ahead of the completion date.
We are selling our house in Thurston. Will the conveyancer have to be on the UBS conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
I opted to have a survey carried out on a property in Thurston in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will not grant a mortgage on such a premises.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you contact us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Thurston. Conveyancing will be smoother if you use a solicitor in Thurston especially if they are accustomed to such properties in Thurston.
Hoping to buy a property located in Thurston and I am already nervous. I couldn't find anything specific about Thurston. Conveyancing will be needed in due course but do you know about the Thurston area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Thurston. In the meantime here are some basic statistics that we found
I need to appoint a conveyancing solicitor for sale conveyancing in Thurston. I have land on a site which looks to be the perfect answer If it is possible to get all the legals done via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?