Our Raglan lawyer has uncovered a difference between the surveyor’s assumptions in the valuation report and what is in the legal papers for the property. My lawyer says that he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s approach correct?
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.
As someone clueless as to conveyancing in Raglan what is your top tip you can give me concerning the ownership transfer in Raglan
Not many law firms or advisers will tell you this but conveyancing in Raglan or throughout Monmouthshire is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of opportunity for conflict between you and others involved in the transaction. For instance, the seller, selling agent and on occasion the lender. Appointing a lawyer for your conveyancing in Raglan should not be taken lightly as your conveyancer is your adviser, and is the ONLY person in the process whose responsibility is to protect your legal interests and to keep you safe.
We are witnessing a definite emergence in the "blame" culture- someone must be blamed for the process taking so long. You your first instinct should be to trust your solicitor ahead of all other players when it comes to the legal transfer of property.
I am purchasing a house and need a conveyancing solicitor in Raglan who is on the Bank of Ireland conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Bank of Ireland in certain locations such as Raglan. We dont recommend any particular firm.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Raglan?
There are many registered licenced Conveyancers in Raglan and Solicitor firms in Raglan who provide Conveyancing services It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal work in the home buying process. The two can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Are all Raglan Conveyancing Quality Solicitors on the Skipton conveyancing panel?
Some major lenders now utilise the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
I am due to exchange contracts on my house. I had a double glazing fitted in April 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, UBS are being problematic. The Raglan solicitor who is on the UBS conveyancing panel is saying indemnity insurance will be fine but UBS are requiring a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am attracted to a couple of flats in Raglan both have approximately forty five years remaining on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a prescribed time frame. As a lease shortens the value of the lease deteriorates and it becomes more expensive to acquire a lease extension. For this reason it is generally wise to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.
Leasehold Conveyancing in Raglan - Sample of Questions you should consider before buying
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Are any of leasehold owners in arrears of their service charge payments? It would be wise to discover as much as possible concerning the managing agents as they can either make living at the property much easier or uncomfortable. As the owner of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to practical issues such as the cleanliness of the communal areas. You should not be afraid to ask other tenants what they think of them. In conclusion, find out the dates that you are obliged pay the service charge to the managing agents and specifically what it includes. The prefered form of lease arrangement is if the freehold reversion is owned by the leaseholders. In this arrangement the tenants benefit from control and notwithstanding that a managing agent is often employed where it is larger than a house conversion, the managing agent is directed by the tenants.
My wife and I have chosen a Raglan conveyancing solicitor for our home move (novice purchasers) and have noticed in the terms and conditions that they are not overseen by the Financial Conduct Authority. Am I right to be concerned or is that usually the case with conveyancer?
We can't see why they should be. Most solicitor don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who dictate specific rules covering amounts deposited on client account.