My Cannington lawyer has uncovered an inconsistency between the assumptions in the home valuation report and what is revealed within the legal papers for the property. My solicitor informs me that he needs to ensure that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s stance right?
Your solicitor 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 both parties.
Can your site be used to locate a Conveyancing solicitor in Cannington even where I’m not purchasing or disposing of a house, for instance where I want to acquire an office in Cannington with a loan from Norwich and Peterborough Building Society?
Our comparison service is predominantly used to get a quote from residential conveyancing solicitors in Cannington but we have listed towards the end of this page some Cannington commercial conveyancing firms. You will need to speak with the firm directly to establish if they are also authorised to represent Norwich and Peterborough Building Society
We are selling our flat in Cannington. Does my conveyancing practitioner need to be on the Barclays conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Barclays 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 panel criteria fairly frequently at the moment.
Is there a list of Nottingham panel solicitors in Cannington on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings open the public over the internet. Where you are seeking to appoint a Cannington lawyer on the Nottingham please use our facility.
I am buying a property in Cannington. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Kent Reliance be concerned?
As your lender is Kent Reliance your lawyer must comply with the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook includes minimum conditions for solar panel roof-space leases, and lawyers are required to report to Kent Reliance where a lease fails to satisfy these requirements. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Cannington.
The mortgage over my property is with Barclays for my property in Cannington. Conveyancing was finalised months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Your original mortgage agreement with Barclays will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel solicitor.
Do I need to pay for insurance to cover chancel repairs when purchasing a house in Cannington?
Unless a previous acquisition of the property took place post 12 October 2013 you may take it that lawyers conducting conveyancing in Cannington to remain recommending a chancel search and or insurance against a claim.
Much to my surprise my conveyancer in Cannington is asking me for personal identification documents stating that this is part of his legal duty as a conveyancer on the mortgage company Conveyancing panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not specific to conveyancing in Cannington