My East Grinstead lawyer has identified a difference between the information in the home valuation report and what is revealed within the conveyancing documents. My lawyer says that he is obliged to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach right?
Your conveyancer 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.
Will conveyancers request money on account for my conveyancing in East Grinstead?
If you are buying a property in East Grinstead your solicitor will ask you put them with funds to cover the search fees. Normally this is needed to cover the fees of the conveyancing searches. When the down payment is as part of the sale price then this will be asked for immediately before exchange of contracts. The closing balance that is due will be payable shortly before completion.
Forgive me if this question is silly but I am wet behind the ears as a first time purchaser of a two bedroom flat in East Grinstead. Do I collect the keys to the property on completion from my conveyancer? If so, I will instruct a High Street conveyancing solicitor in East Grinstead?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the vendor’s conveyancers, and once they have received this, you should be called to receive the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
Is there a list of RBS panel conveyancers in East Grinstead on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. A small selection of lenders make their panel listings available on the web. Where you are seeking to appoint a East Grinstead lawyer on the RBS please make the most of our facility.
HSBC have agreed my mortgage in principle, my bid on a flat in East Grinstead has been agreed to, what are the next steps?
Your property agent will wish to be advised as to your property lawyer's details (make sure the solicitors are on the bank’s approved list). Contact HSBC or the financial adviser and finish off any outstanding paperwork. HSBC will sellect a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes about a week to receive the mortgage offer. HSBC will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in East Grinstead.
A relative recommended that where I am purchasing in East Grinstead I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard East Grinstead conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about East Grinstead around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding East Grinstead.
I have a renovated Georgian property in East Grinstead. Conveyancing lawyer represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in East Grinstead and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing lawyer who carried out the work.
My brother-in-law has suggested I instruct a conveyancing solicitor in East Grinstead. I I would like to check if they are on the lender's approved list of lawyers. Could you assist?
You should contact your conveyancer and ask them if they are on the bank's panel. If that does not help call us and we can investigate and revert. If they are not on the bank panel we we can help find a reputable conveyancing solicitor in East Grinstead on the panel for your mortgage company.