My Coleford lawyer has discovered an inconsistency when comparing the information in the home valuation report and what is in the title deeds. My lawyer informs me that he must check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
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 have justbecome aware that Stirling Law have been shut down. They conducted my conveyancing in Coleford for a purchase of a freehold house 10 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Coleford conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Coleford is where the house is located. Is there any guidance you can give?
Flying freeholds in Coleford are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Coleford 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 Coleford may decide 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 premises.
What does commercial conveyancing in Coleford cover?
Coleford conveyancing for business premises incorporates a broad array of advice, provided by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I need to retain a conveyancing solicitor for residential conveyancing in Coleford. I've chance upon a site which seems to have the perfect solution If it is possible to get all formalities done via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do all mortgage companies provide you with an approved list of Coleford solicitors? How do you know who is on the bank conveyancing panel?
Coleford firms and firms conducting conveyancing in Coleford themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the mortgage company directly.