Unfortunately I am unable to travel far from Worthing. Please clarify why all Worthing conveyancers are not on all lender panels?
As inequitable as it may seem for banks to restrict who can act for them, from the public’s or solicitor’s perspective, the the contrary view is that lending institutions are becoming ever more anxious and feel it necessary to defend themselves from mortgage fraud. As a result of this concern mortgage companies have consolidated their panel of approved conveyancing lawyers to a manageable size.
My Worthing lawyer has spotted a difference when comparing the surveyor’s assumptions in the valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that he is duty bound to check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s approach right?
Your 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.
Do lawyers ask for an advanced payment for my conveyancing in Worthing?
If you are buying a property in Worthing your lawyer will ask you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the sale price then this should be required shortly before exchange of contracts. Any further balance that is needed should be sent to your lawyer shortly before completion.
What does a local search reveal regarding the property I am purchasing in Worthing?
Worthing conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search is essential in every Worthing conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your new home. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I used Action Conveyancing a few years ago for my conveyancing in Worthing. I now require my papers however the law firm has closed. What do I do?
Do contact 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 Worthing of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the input of my in-laws I had a survey completed on a property in Worthing before retaining lawyers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some lenders tend not give a mortgage on such a property.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Worthing. Conveyancing will be smoother if you use a solicitor in Worthing especially if they regularly deal with such properties in Worthing.