The Chirk conveyancing firm handling our Chirk conveyancing has discovered a difference when comparing the assumptions in the home valuation report and what is in the legal papers for the property. My lawyer says that he must ensure that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your lawyer 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 note that you have a search directory identifying solicitors on the Barclays conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Chirk?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chirk.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Chirk. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/5/2024, the requirements read as follows :
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Chirk?
There are many registered licenced Conveyancers in Chirk and Solicitor practices in Chirk who provide Conveyancing services It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Planning on purchasing a flat in Chirk. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chirk conveyancer is on the HSBC conveyancing panel.
I have instructed a Chirk solicitor having made sure that they are on the Leeds Building Society conveyancing panel. Does my lawyer arrange the survey of the property?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Chirk postcode. As you are getting a mortgage with Leeds Building Society, you could contact them to see if they have a list of approved surveyors in Chirk.
I need to retain a conveyancing solicitor for my conveyancing in Chirk. I have discover a site which looks to be the ideal solution If there is a chance to get all this stuff completed via web that would be ideal. Do I need to be concerned? 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?
Much to my surprise my conveyancer in Chirk is asking me for proof of ID documents asserting that this is part of his retainer as a solicitor on the lender Solicitor panel. Can this be correct?
Anti-terror and anti-money-laundering rules require Chirk conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements