Our Basingstoke conveyancer has discovered a difference when comparing the information in the valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action right?
Your conveyancing practitioner 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 you.
we are a couple who are buying a purpose built flat in Basingstoke with a homeloan from Santander.We use our Basingstoke conveyancing lawyer but Santander informed us she’s not listed on their approved list of member firms. We have to appoint a Santander panel solicitor or retain our local solicitor and fork out for a Santander panel lawyer to act for them. This seems very unfair; Can we not simply insist that Santander use our lawyer?
Unfortunately,no. The mortgage offered to you is subject to its various provisions, one of which will be that solicitors will be on the Santander approved list. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Santander
I have recentlybecome aware that Action Conveyancing have been shut down. They carried out my conveyancing in Basingstoke for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Basingstoke conveyancing specialists.
How easy is it to use your search app to select a conveyancing solicitor in Basingstoke on the approved list for my lender?
First choose a mortgage company such as Lloyds TSB Bank, Chelsea Building Society or Godiva Mortgages Ltd then specify your location e.g. Basingstoke. Conveyancing practices in Basingstoke and beyond will then be shown.
I need to instruct a conveyancing solicitor for freehold conveyancing in Basingstoke. I've stumble upon a site which seems to have the perfect answer If it is possible to get all the legals completed via web that would be preferable. Should I be wary? 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?