My Grantham lawyer has identified a discrepancy between the assumptions in the valuation report and what is in the legal papers for the property. My lawyer has advised that he needs to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action correct?
Your conveyancer 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 you.
We have a mortgage agreed in principle with Nottingham. Grantham conveyancing lawyers have been chosen. How long does it take for Nottingham to send the offer to the lawyer?
There is no definitive answer here. Have Nottingham conducted the valuation? Have you informed Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
About to purchase maisonette in Grantham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Grantham conveyancer is on the UBS conveyancing panel.
After what feels like an age I have had an offer on an apartment in Grantham agreed to, the owners do nevertheless have a tied purchase. The owners have put an offer on somewhere, but it’s not yet tied up, and are looking at other apartments booked. I have instructed a nearby conveyancing solicitor in Grantham. What should be my next step? When do I get the mortgage application with Nationwide started?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then valuation, Grantham conveyancing search costs, etc). First, you should check that your conveyancing practitioner is on the Nationwide conveyancing panel. Regarding the subsequent phase this very much depends on the specifics of your case, desire for the property and on the state of the market. During a buoyant market many buyers will apply for a home loan with Nationwide and pay for the valuation and only if it comes back ok would they request their conveyancing practitioner to move forward with searches.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Grantham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Grantham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the guidance of my in-laws I had a survey completed on a property in Grantham prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some banks may refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Grantham. Conveyancing will be smoother if you use a solicitor in Grantham especially if they are acquainted with such properties in Grantham.
What tools are available to search for a Grantham solicitor on the Skipton Building Society conveyancing panel? I have a car and am willing to travel upto 20kilometers to meet the lawyer.
You can use the search on this page. Please pick a mortgage company and your location and you will see a number of Grantham conveyancing lawyers located nearest you. We have listed some Grantham conveyancing firms towards the end of this page and you can contact them to see whether they are on the Skipton Building Society approved list
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the mortgage company conveyancing panel solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Grantham as it will be easier to attend their offices if required.
As opposed to twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Grantham.