The Bursledon conveyancing firm handling our Bursledon conveyancing has discovered a discrepancy when comparing the assumptions in the valuation report and what is in the legal papers for the property. My lawyer informs me that he is obliged to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach right?
Your conveyancer 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.
I am the only beneficiary of my late father’s estate and I have everything in my name now, including the my former home in Bursledon. Conveyancing formalities meant that the Land Registry date was in June. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship will be treated the same way as if I'd bought the house in June. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. Most mortgage companies would take a pragmatic view as this provision principally exists to pick up on the purchase and immediately sell or the quick reselling of property.
How can we know in advance if a Bursledon conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Bursledon getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor handling your conveyancing.
We are getting a further advance on our home loan from UBS as we intend to conduct alterations to our house in Bursledon. Do we need to select a local Bursledon solicitor on the UBS conveyancing panel to deal with the paperwork?
UBS don't usually require a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS list.
Do commercial conveyancing searches disclose impending roadworks that could affect a commercial premises in Bursledon?
Many commercial conveyancing solicitors in Bursledon will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Bursledon. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bursledon.
For every commercial conveyancing transaction in Bursledon it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Bursledon commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Bursledon.
How does conveyancing in Bursledon differ for newly converted properties?
Most buyers of new build residence in Bursledon contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because house builders in Bursledon usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bursledon or who has acted in the same development.
After what seems like an age a loan offer from a mortgage company for the refinancing of my 2 bedroom garden flat is coming within the next few days. Are you able to recommend a cheap remortgage conveyancing solicitor in Bursledon ?
This site is not designed to help in pursuit of the lowest fares for conveyancing solicitors in Bursledon. We can offer you value for money conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing brokers offering low cost conveyancing in Bursledon.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up being stung for extras and still not receive the service expected.