Our Cobham lawyer has discovered a difference when comparing the information in the valuation report and what is in the legal papers for the property. My solicitor informs me that he is duty bound to ensure that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance correct?
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.
Having sold my house in Cobham last July but my buyer keeps whats apping daily to say his lawyer needs to hear from mine. What should have happened following completion?
Following your sale your conveyancer should forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been repaid to the purchasers conveyancers. There is unlikely to be post completion formalities just for conveyancing in Cobham.
My bid for a property was accepted at auction in Cobham. Conveyancing is necessary. What happens now?
Having exchanged you must hire the services of a conveyancing solicitor as a matter of priority as you are faced with a tight a drop dead date to complete the transaction. All auction property should have a bespoke legal pack. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the auction papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You should give this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are in place to complete on the on the contractual date .
My aunt advised me that in buying a property in Cobham there could be a number of restrictions limiting what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Cobham which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Cobham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My husband and I have organised a further advance on our home loan from Bank of Ireland as we intend to conduct a loft conversion to our home in Cobham. Are we obliged to select a high street Cobham solicitor on the Bank of Ireland conveyancing panel to handle the paperwork?
Bank of Ireland would not normally instruct firms on 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 Bank of Ireland conveyancing panel.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a property in Cobham?
Unless a previous acquisition of the premises took place after 12 October 2013 you may expect lawyers conducting conveyancing in Cobham to remain encouraging a chancel search and or chancel repair liability insurance.
My father has suggested that I instruct his conveyancing solicitors in Cobham. Should I find my own conveyancer?
Much as we are happy to recommend a Cobham conveyancing lawyer the ideal way to choose a conveyancing lawyer is to seek recommendations from friends or family who have actually experience in using the conveyancer that you are considering.