Our Worcester Park solicitor has spotted an inconsistency when comparing the assumptions in the valuation report and what is revealed within the conveyancing documents. My solicitor says that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your lawyer 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 you.
It is 10 years ago since I purchased my house in Worcester Park. Conveyancing lawyers have recently been instructed on the sale but I can't locate my title documents. Will this cause complications?
Don’t worry too much. Firstly the deeds may be with your lender or they could be archived with the solicitor who handled the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Almost all conveyancing in Worcester Park relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
This question may be naive but I am new to the process as FTB of a two bedroom flat in Worcester Park. Do I pick up the keys to the property on completion from my lawyer? If this is the case, I will use a High Street conveyancing solicitor in Worcester Park?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be able to receive the keys from the Estate Agents and start moving into the property. Usually this happens between 1 and 3pm.
When it comes to mortgage companies such as Kent Reliance, do Worcester Park lawyers have to pay a fee to be on the list of approved solicitors?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Can you point me to a directory of Lloyds panel solicitors in Worcester Park on the Council of Mortgage Lender’s Website?
No. There is no such tool on the CML or Building Society Association websites. Very few banks make their panel listings available on the web. Where you are looking for a Worcester Park conveyancing practitioner on the Lloyds please make the most of our facility.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Worcester Park is the location of the property. What do you suggest?
Flying freeholds in Worcester Park are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Worcester Park you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Worcester Park may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How do I use the search facility to find a conveyancing solicitor in Worcester Park on the panel for my lender?
1st select a bank such as Lloyds TSB Bank, Leeds Building Society or Platform Home Loans Ltd then type in your preferred area for instance Worcester Park. Conveyancing practices in Worcester Park and further afield will then be shown.
My husband and I are 17 days into a freehold purchase having been referred to solicitors by the estate agent to execute conveyancing in Worcester Park. I am am extremely frustrated with the level of service. Could you you assist me in finding new conveyancers?
A lawyer would need to be really poor to suggest diss instructing them. Has your mortgage offer been generated? If so you need to advise them of the new contact details and get the loan are issued to the new lawyers. The solicitor ideally needs to be on the mortgage company approved list to avoid supplemental expenses and delays. That should be your starting point. Our search tool will assist you in finding a lender approved solicitor for your conveyancing in Worcester Park