My wife and I are buying a 2 bedroom apartment in Gants Hill with a mortgage. We wish to retain our Gants Hill lawyer, however the lender says he's not on their "panel". We have to appoint one of the bank panel firms or retain our Gants Hill conveyancer and pay for one of their panel ones to represent them. This feels very unfair; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Gants Hill conveyancing lawyer to apply to be on the conveyancing panel.
The Gants Hill conveyancing firm handling our Gants Hill conveyancing has uncovered a difference between the assumptions in the home valuation report and what is in the conveyancing documents. My solicitor has advised that he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications 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 you.
We are buying a property and the conveyancer has identified Chancel Repair for which the property could be liable as it falls into the area of such a church. He has suggested insurance. Is this strictly appropriate for conveyancing in Gants Hill
Unless a prior acquisition of the house took place post 12 October 2013 you may assume that lawyers carrying out conveyancing in Gants Hill to remain recommending a chancel search and or chancel repair liability policy.
I am looking for a flat up to £195,000 and identified one near me in Gants Hill I like with a park and railway links in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Gants Hill in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
What makes your site different to alternative internet conveyancing solicitors when it comes to conveyancing in Gants Hill?
At this site secure a fixed fee quote from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Gants Hill. Unlike many estate agents and brokerage sites we do not charge firms a commission if you select them for your conveyancing in Gants Hill
Are all Gants Hill legal practices on every bank conveyancing panel?
You can use our search tool or you can pop into your high street bank branch in Gants Hill. the probability is that they will be in a position to list some reputable conveyancing solicitors in Gants Hill