The Honor Oak conveyancing firm handling our Honor Oak conveyancing has discovered a discrepancy between the surveyor’s assumptions in the valuation survey and what is in the legal papers for the property. My lawyer has advised that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions 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.
We see that you have a post code search directory identifying firms on the Skipton conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Honor Oak?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Honor Oak.
My aunt pointed out to me me that in buying a property in Honor Oak there may be various restrictions as to what one can do in terms of external changes to a property. Is this right?
We are aware of a number of properties in Honor Oak which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Honor Oak should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We are getting a further advance on our mortgage from Co-operative as we wish to conduct improvements to our house in Honor Oak. Do we need to appoint a bricks and mortar Honor Oak solicitor on the Co-operative conveyancing panel to deal with the legals?
Co-operative don't usually instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative panel.
I'm spending time looking at flats in Honor Oak and I am about to put in an offer. Is it wise to have a property lawyer on ‘stand by’? I am planning to take a mortgage with Kent Reliance.
It would be wise to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are taking out a mortgage with Kent Reliance, ask your prospective lawyers if they are on the Kent Reliance conveyancing panel otherwise they can't do the mortgage legal work.
My wife and I are downsizing from our house in Honor Oak and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local lawyer would know that there is no such problem. For the life of me I don't know why the buyers used a national conveyancing firm rather than a conveyancing solicitor in Honor Oak. Having lived in Honor Oak for 4 years we know of no issue. Is it a good idea to contact our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Honor Oak differ for newly converted properties?
Most buyers of new build property in Honor Oak come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Honor Oak usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Honor Oak or who has acted in the same development.
I decided to have a survey carried out on a house in Honor Oak prior to appointing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some mortgage companies will refuse to give a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Honor Oak. Conveyancing may be slightly more expensive based on your lender's requirements.