Our Kingsbridge conveyancer has discovered a difference when comparing the surveyor’s assumptions in the home valuation survey and what is in the title deeds. My lawyer informs me that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your property lawyer 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 you.
I have been recommended a conveyancing solicitor in Kingsbridge. I I would like to check if they are accepted on the Aldermore approved list of lawyers. Could you help?
You should e-mail your conveyancer and ask them if they can act for the bank. Alternatively you should call Aldermore who may be able to assist.
I am purchasing my first flat in Kingsbridge with a loan from Platform Home Loans Ltd. The builders would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not to tell my conveyancer about the deal as it may impact my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Hoping to buy a property located in Kingsbridge and I am already nervous. I couldn't find anything specific about Kingsbridge. Conveyancing will be needed in due course but do you know about the Kingsbridge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Kingsbridge. In the meantime here are some basic statistics that we found
I am looking for a conveyancing solicitor in Kingsbridge for my house move. Is there any facility to see a solicitor's record with the profession’s regulator?
Members of the public may search for presented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.
My wife and I accepted an offer on a Kingsbridge bungalow we inherited ten years ago in 2011. I have over ten years conveyancing knowledge and, although retired, wish to conduct my own legal work. The buyer's conveyancing practitioner has informed me that their mortgage company will not allow us to do our own conveyancing mandating that the funds to be sent to a solicitor's bank account.
Lending requirements to property lawyers from all CML members state that If the vendor is not legally represented the borrower's lawyers should check whether the lender needs to be informed so that a decision can be reached as to whether they are prepared to proceed.