The Avonmouth conveyancing firm handling our Avonmouth conveyancing has discovered an inconsistency between the surveyor’s assumptions in the home valuation survey and what is in the conveyancing documents. My lawyer says that he needs to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s course or action right?
Your property lawyer 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 both parties.
We are planning to acquire a property and need a conveyancing solicitor in Avonmouth who is on the Virgin Money conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Avonmouth.
Two weeks ago we had a mortgage agreed in principle with Barclays. Avonmouth conveyancing solicitors were instructed. How long does it take for Barclays to send the offer to the conveyancer?
Some lenders take longer than others. Have Barclays done the valuation? Have you informed Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Nationwide have agreed my mortgage in principle, my offer on a apartment in Avonmouth has been accepted, now what?
The estate agent will wish to know who your solicitors are (make sure the solicitors are on the lender’s panel). Call up Nationwide or your financial adviser and finish off any relevant paperwork. Nationwide will sellect a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. Nationwide will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Avonmouth.
Our offer on a semi in Avonmouth has been agreed to, but there is a chain. The vendors have offered on a property, but it’s not yet tied up, and are looking at other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Avonmouth. What do I do now? When should I get the mortgage application with TSB going?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then valuation, Avonmouth conveyancing search charges, etc). First, you must ensure that your property lawyer is on the TSB approved list. As to the subsequent phase this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. During a buoyant market the majority of purchasers would apply for a home loan with TSB and arrange for the valuation and only if it comes back ok would they request their solicitor to press on with the conveyancing in Avonmouth.
We are close to exchanging contracts on the sale of our house in Avonmouth and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a national conveyancing firm as opposed to a conveyancing solicitor in Avonmouth. We have lived in Avonmouth for many years we know that this is a non issue. Should we contact our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Over the last few months I have been searching for a flat up to £245,000 and found one near me in Avonmouth I like with amenity areas and transport links nearby, however it only has 61 years on the lease. I can't really find anything else in Avonmouth suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage that many years may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
Am I right to be wary about brokers that I am dealing with are recommending a factory type conveyancing firm rather than a local Avonmouth conveyancing firm?
As is the case with lots of professional services, often suggestions from relatives can be extremely useful or valuable. Nevertheless there are lots of people with a vested interest in a conveyancing matter; estate agents, financial adviser and banks may put forward lawyers to choose. Sometimes the conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there behind the scenes commercial relationship behind the recommendation. You have the right to select your own conveyancer. However, bear in mind that some lenders specify a panel list of law firms you must use for the lender aspect of your house move.