I plan on acquiring property in Portslade. My lawyer is not listed on the mortgage company solicitor list. Can I still retain my Portslade conveyancing solicitor even though they are excluded from the mortgage company panel?
Your options include
- Proceed with your existing Portslade conveyancing practitioner but your bank will undoubtedly appoint a lawyer on their approved list. The net result is additional cost and probable frustration.
- Choose a fresh lawyer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Appeal to your solicitor to apply to join the mortgage company panel
The Portslade conveyancing firm handling our Portslade conveyancing has uncovered a difference when comparing the information in the home valuation survey and what is in the legal papers for the property. My solicitor informs me that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance legitimate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions 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.
It has been 2 months following my purchase conveyancing in Portslade took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Portslade differ for newly converted properties?
Most buyers of new build property in Portslade approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Portslade tend to acquire the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Portslade or who has acted in the same development.
What tools are available to search for a Portslade solicitor on the Bank of Ireland conveyancing panel? I have a car and am willing to travel upto 20miles to meet the lawyer.
Feel free to make use of the facility on this website. Please select a mortgage company and your location and you will see a number of Portslade conveyancing lawyers locally. We have listed some Portslade conveyancing firms at the bottom of this page and you can call them to check whether they are on the Bank of Ireland panel
We have been advised by various estate agents that it should take 6-8 weeks for Portslade conveyancing to complete.This was a month ago. The paperwork was only forwarded to my conveyancing practitioner last week so does the time start running now?
Six to 8 weeks is an extremely approximate timescale. Addressing precisely how how many weeks Portslade conveyancing will take is virtually impossible. Every conveyance has it’s bespoke set of concerns. As a result your lawyer should be unwilling to give assurances as to how long it will take to complete your conveyancing in Portslade.