Our Kew lawyer has identified an inconsistency when comparing the information in the home valuation report and what is in the conveyancing documents. My lawyer informs me that he needs to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
Your 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.
Do the Building Society Association intend to launch a search tool with a view to list practices on the Norwich and Peterborough Building Society conveyancing panel for example in Kew?
We have not been informed any plans on the part of the BSA to develop such a tool.
I had a mortgage agreed in principle with Aldermore. Kew conveyancing solicitors have been selected. How long does it take for Aldermore to send the offer to the lawyer?
Some lenders take longer than others. Have Aldermore done the survey? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We were going to get a DIP from UBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Kew solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Kew solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I had an offer accepted on a property in Kew on 7/6/2024, valuation was booked 2 days later, all came back fine. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Yorkshire BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Yorkshire BS conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a residence in Kew? or Apparently there is historic law that means some owners of property living in a parish church boundary may be liable to pay for maintenance to the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Kew?
Unless a previous acquisition of the house completed after 12 October 2013 you can assume that solicitors handling conveyancing in Kew to continue to advocate a chancel search and or insurance against a claim.
Over the last few months I have been searching for a flat up to £245,000 and found one round the corner in Kew I like with a park and transport links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Kew in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
Am I best advised to appoint a Kew conveyancing lawyer in close proximity to the house I am hoping to buy? We have a good friend who can handle the legal formalities but his firm is located approximately 350kilometers away.
The primary upside of using a high street Kew conveyancing practice is that you can drop in to sign paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local Kew know how is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and they were content that should surpass using an unfamiliar Kew conveyancing lawyer just because they are Kew based.