Just been in touch with my conveyancing solicitor in North Ferriby who conducted the legals two years ago and wanted a conveyancing estimate based on the same type of house move (a leasehold residence and a freehold property) of almost identical values with a home loan from HSBC Bank. It looks as though am now being quoted twice the amount. Should I look for an alternative firm of conveyancing solicitor?
The estimate does seem a tad steep. If you you were to look around you could decrease the fees slightly by perhaps £125. That being said, providing that you were pleased with the legal work the firm offered you maycome to rue opting for an a cheaper conveyancer. If is important to be sure the firm can also act for HSBC Bank. You can make use of our search tool to find a North Ferriby conveyancing firm on the HSBC Bank conveyancing panel, which can often include conveyancing solicitors in North Ferriby.
The North Ferriby conveyancing firm handling our North Ferriby conveyancing has uncovered a discrepancy when comparing the assumptions in the valuation survey and what is in the conveyancing documents. My lawyer says that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your conveyancer 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 both parties.
We are buying a apartment in North Ferriby. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to put money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Are all North Ferriby Conveyancing Quality Solicitors on the Leeds Building Society conveyancing panel?
It is true that some lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
The formalities of my remortgage has taken place for my property in North Ferriby. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Are there restrictive covenants that are commonly picked up during conveyancing in North Ferriby?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in North Ferriby. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey completed on a house in North Ferriby ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some lenders will refuse to give a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in North Ferriby. Conveyancing will be smoother if you use a solicitor in North Ferriby especially if they are accustomed to such properties in North Ferriby.