Our Amersham conveyancer has discovered a difference when comparing the assumptions in the valuation report and what is revealed within the title deeds. My lawyer says that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action 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 you.
Having sold my house in Amersham last June but the buyer keeps SMS messaging daily complaining that their conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your disposal your lawyer is obliged to send the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also send confirmation that the home loan has been redeemed to the purchasers lawyers. There are no post completion tasks peculiar conveyancing in Amersham.
My wife and I are purchasing a apartment in Amersham. It might be a silly question but how we can trust a lawyer? At some point we have to put funds into their account. What protection do 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.
It is not clear whether my lender requires a lease extension. I have called my Amersham bank branch on various occasions and was told they are content with the situation and they would lend. My Amersham conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend in accordance with their published requirements. Who do I believe?
Provided that the conveyancing practitioner is on the mortgage company panel, she or he must comply with the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I recently had an offer accepted on a house in Amersham. My financial adviser suggested a lawyer. I paid an advanced payment of £150. Not long after, the conveyancer called me to say that they were not on the Clydesdale conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Clydesdale panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Amersham for a purchase of a leasehold apartment 12 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Amersham conveyancing specialists.
How does conveyancing in Amersham differ for new build properties?
Most buyers of new build residence in Amersham contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because house builders in Amersham usually purchase 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 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 Amersham or who has acted in the same development.
Whilst your website is a good idea there are many lawyers listed near Amersham being on the mortgage company conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the mortgage company approved panel?
We do not recommend specific Amersham firms as the right Amersham conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Amersham knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..