The Lewisham conveyancing firm handling our Lewisham conveyancing has identified a discrepancy between the information in the valuation survey and what is in the conveyancing documents. My lawyer has advised that he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action legitimate?
Your property lawyer 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 you.
What is the optimum way to check that the solicitor carrying out my conveyancing in Lewisham is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays thus spending £187.00 plus VAT in further conveyancing invoice.
Feel free to take advantage of the search tool on this page. Pick the mortgage company and type ‘Lewisham’ or your location and you will see a number of lawyer based in Lewisham or by proximity to you.
We have agreed to purchase a house in Lewisham. A rare aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Coventry BS your lawyer must check the conveyancing instructions outlined in Part two of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and property lawyers are required to report to Coventry BS where a lease fails to comply with these specifications. The provisions relate to the installation of panels on properties nationwide and is not restricted to Lewisham.
I have a mortgage with RBS for my property in Lewisham. Conveyancing has been completed 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform RBS?
RBS must be informed of your intention in advance of renting your property as this is likely to be a breach of RBS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. It should not be necessary to do this via a RBS conveyancing panel lawyer.
I have finally had an offer on a flat in Lewisham agreed to, the owners do nevertheless have a tied purchase. The sellers have offered on on an apartment, but it’s not been accepted yet, and are looking at other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Lewisham. What do I do now? When do I get the mortgage application with RBS going?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then valuation, Lewisham conveyancing search charges, etc). The first course of action is to check that your property lawyer is on the RBS approved list. Concerning the subsequent stages this very much dictated by the uniqueness of your case, motivation for this property and on the state of the market. During a rising market some buyers would apply for a home loan with RBS and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to move forward with searches.
What can a local search reveal regarding the house I am buying in Lewisham?
Lewisham conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Searches UK The local search plays an important role in most Lewisham conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
How does conveyancing in Lewisham differ for new build properties?
Most buyers of new build residence in Lewisham contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Lewisham tend to buy 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 Lewisham or who has acted in the same development.
What makes your site different to other web based conveyancing solicitors when it comes to conveyancing in Lewisham?
At this site secure an accurate costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Lewisham. Unlike many estate agents and many comparison sites we are not in the business of charging firms a fee if you appoint them for your home move in Lewisham