I have just been advised by my mortgage adviser that my Quorn solicitor is not on the bank Conveyancing panel. What can I do to be sure if this is correct?
You need to contact your Quorn conveyancer. It is reasonable to expect your lawyer to advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
The Quorn conveyancing firm handling our Quorn conveyancing has discovered an inconsistency when comparing the surveyor’s assumptions in the valuation survey and what is in the title deeds. My lawyer informs me that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance right?
Your conveyancing practitioner 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 both parties.
What is the first thing I need to know regarding purchase conveyancing in Quorn?
You may not hear this from too many lawyers but conveyancing in Quorn or throughout Leicestershire is an adversarial process. In other words, when it comes to conveyancing there is an abundance of room for confrontation between you and other parties involved in the transaction. E.g., the seller, selling agent and on occasion the lender. Selecting a lawyer for your conveyancing in Quorn should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the transaction whose responsibility is to protect your legal interests and to keep you safe.
There is a definite emergence of a "blame" culture- someone has to be at fault for the process being so protracted. We recommend that you must always trust your conveyancer above the other players in the home moving process.
I got the keys to my home on 4 September and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Quorn advises it would be registered in less than a month. Are transfers in Quorn uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Quorn registration formalities. As opposed to being determined by geographic area, timescales can differ according to who lodges the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. As of today roughly three quarters of such applications are completed in less than three weeks but occasionally there can be protracted delays. Historically registration takes place after the buyer is living at the premises so registration formalities is not typically primary concern but if there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
I decided to have a survey completed on a house in Quorn prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some banks may not give a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Quorn. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Quorn to see if the conveyancing will be more expensive.
We have an offer in principle from Alliance & Leicester who suggested we could borrow up to £400k. At what point do I need to appoint a practitioner for conveyancing? Quorn is where we are .
It would be wise to instruct a conveyancer now so that the conveyancing practitioner can open the file so they can conduct their AML checks etc. As and when you wish them to start work they will seek a deposit normally approximately £225. That would generally be after you have the loan offer from your lender and survey results, nevertheless should you want to expedite matters you can start the ball rolling sooner albeit risking some money.