The Chelsea conveyancing firm handling our Chelsea conveyancing has discovered a discrepancy between the information in the home valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action appropriate?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
I require fast conveyancing in Chelsea as I am faced with pressure to complete inside 3 weeks. Thankfully I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are are a cash buyer you are at liberty not to have searches conducted although no solicitor would recommend that you don't. With lots of history conveyancing in Chelsea the following are instances of issues that can be revealed and adversely affect future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a simple, chain free conveyancing. Chelsea is the location of the property. Can you offer any guidance?
Flying freeholds in Chelsea are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chelsea you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chelsea may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Do I need to be suspicious about estate agents that I am dealing with are recommending an online conveyancing firm as opposed to a local Chelsea conveyancing firm?
As is the case with many service providers, often referrals from family and friends can be very helpful. Nevertheless there are lots of people with a keen interest in a conveyancing deal; estate agents, financial adviser and mortgage companies might all put forward conveyancers to instruct. Sometimes these solicitors might be known to one of the organisations as being good in their field, but sometimes there behind the scenes financial incentive behind the endorsement. You have the discretion to select your preferred conveyancer. You need to be aware that the majority of banks have an approved list of law firms you must use for the lender related work in your home move.
We are 17 days into a freehold purchase having been referred to conveyancers by the high street agent to execute conveyancing in Chelsea. I am am very disappointed with the level of service. Can you help me find new solicitors?
They would have to be really bad in order to consider diss instructing them. Has the mortgage been sent? If so you must advise them of the new contact details and get the offer are re-issued. Your conveyancer should be on the mortgage company panel to avoid supplemental charges and delays. That should be your starting point. Our search tool can help you find a bank approved lawyer for your conveyancing in Chelsea
My wife and I have appointed a Chelsea conveyancing solicitor for our house purchase (FTB’s) and have picked up in the engagement letter that they are not covered by the FCA. Need I be worried or is that usually the case with conveyancing practitioner?
We can't see why they should be. Most solicitor don't lend money. They should be regulated by the SRA, who dictate stringent rules regulating amounts sitting by them.