The Anstey conveyancing firm handling our Anstey conveyancing has discovered an inconsistency when comparing the surveyor’s assumptions in the home valuation survey and what is in the legal papers for the property. My solicitor has advised that he must ensure that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications 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.
How up to date is your database of Anstey solicitors on the Aldermore conveyancing panel? Do Aldermore send you an updated list?
Anstey conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
We wanted to use a property lawyer in Anstey for our home move. Our financial adviser informed us that our mortgage company Halifax won't deal with them. Why is this not regarded as unfair competition?
A decade ago most mortgage companies had a different appetite for risk. Almost all Anstey conveyancing firms would have been on most mortgage company panels. The Financial Services Authority in 2010 conducted a thematic investigation into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms relating to their operations and their employees and establishing certain criteria such a completing on a minimum number of conveyancing. Many Anstey conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Anstey is one of the hundreds of areas where the conveyancers showing on our search results are members of the panel for Halifax.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Anstey?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Anstey. 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…’
Due to the guidance of my in-laws I had a survey completed on a property in Anstey ahead of retaining conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies will refuse to give a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Anstey. Conveyancing will be smoother if you use a solicitor in Anstey especially if they are familiar with such properties in Anstey.
At long last our conveyancing in Anstey is completing this Friday, however the sellers I am buying from wants to move out the next day at PM. Do I accept this?
It is not possible to complete on a Saturday because the bank systems aren't operational.