The Wheathampstead conveyancing firm handling our Wheathampstead conveyancing has uncovered a difference between the assumptions in the valuation survey and what is revealed within the legal papers for the property. My lawyer has advised that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s stance correct?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
Finally the sale completed on my house in Wheathampstead last July but our buyer keeps calling every few hours to say her solicitor needs to hear from mylawyer. What are the post completion sale legalities following completion?
After completion of your house sale your conveyancer should send the transfer deeds and all additional paperwork to the purchaser's lawyers. Where relevant, your conveyancer should also evidence that the legal charge in favour of the lender has been repaid to the buyers solicitors. There are no post completion steps peculiar conveyancing in Wheathampstead.
I have been advised by my solicitor that lack of building regulations insurance is needed on my purchase. What is the level of cover for Wheathampstead conveyancing?
The appropriate level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between Nationwide Building Society and Virgin Money. Conveyancing solicitors as opposed to members of the public take out such policies.
Two weeks ago we had a mortgage agreed in principle with RBS. Wheathampstead conveyancing lawyers have been instructed. How long does it take for RBS to send the offer to the lawyer?
There is no definitive answer here. Have RBS done the survey? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I had an offer accepted on a house in Wheathampstead on 18/12/2025, valuation was booked 2 days after, received a clean bill of health. Solicitor appointed, so all that was missing was my mortgage offer. Having made daily calls to Yorkshire BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Yorkshire BS conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need some quick conveyancing in Wheathampstead as I am under an ultimatum to complete in less than one month. A mortgage is not required. Can I decline from having conveyancing searches to save fees and time?
As you are not getting a mortgage you are at free not to have searches conducted although no solicitor would suggest that you don't. With lots of history conveyancing in Wheathampstead the following are examples of issues that can appear and therefore affect future saleability: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Wheathampstead I like with amenity areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Wheathampstead for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I was pointed in your direction by three or four local property agents in Wheathampstead to find a conveyancer on your site. Is there a financial advantage for Estate Agents to promote your site over and above a competitor’s?
We don’t make any financial incentive for sending work our way. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.