My Axmouth and Branscombe lawyer has discovered a difference between the information in the home valuation report and what is revealed within the legal papers for the property. My lawyer says that he is obliged to check that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s stance legitimate?
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.
My home in Axmouth and Branscombe is up for sale and I have a purchaser. Does the lawyer need to be on the Santander conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
I had a mortgage agreed in principle with Santander. Axmouth and Branscombe conveyancing practitioners were appointed. How long does it take for Santander to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Santander done the survey? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have paid off my mortgage with UBS. I assume I don't need a Axmouth and Branscombe lawyer on the UBS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
Planning on purchasing a maisonette in Axmouth and Branscombe. 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 RBS 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 Axmouth and Branscombe property lawyer is on the RBS conveyancing panel.
How does conveyancing in Axmouth and Branscombe differ for new build properties?
Most buyers of new build residence in Axmouth and Branscombe come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Axmouth and Branscombe typically buy the site, 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 conveyancers 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 Axmouth and Branscombe or who has acted in the same development.
What tools are available to identify a Axmouth and Branscombe law firm on the Platform Home Loans Ltd conveyancing panel? I have a car and am willing to travel upto 20kilometers to meet the lawyer.
You can use the tool on this page. Please choose the mortgage company and your location and you will see a number of Axmouth and Branscombe conveyancing lawyers based on proximity. We have listed some Axmouth and Branscombe conveyancing firms towards the end of this page and you can contact them to see whether they are on the Platform Home Loans Ltd panel
I'm buying a flat in Axmouth and Branscombe. I have found my conveyancer's company on the Law Society's list, but I can't locate my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not every individual in the law firm must be listed by the regulator. As long there is someone qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unqualified staff.