I am not in a position to travel far from Rayleigh. Is there a reason why all Rayleigh conveyancing practitioners aren't automatically on all bank panels?
Even though it may seem unfair for banks to restrict who can act for them, from the public’s or conveyancer’s standpoint, the the contrary view is that mortgage companies are becoming ever more anxious and consider it crucial to shield themselves from mortgage fraud. As a consequence of this concern mortgage companies have consolidated their conveyancing panel to a manageable size.
Our Rayleigh lawyer has identified a discrepancy when comparing the surveyor’s assumptions in the valuation survey and what is revealed within the title deeds. My lawyer informs me that he needs to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action appropriate?
Your conveyancer 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.
My aunt pointed out to me me that in buying a property in Rayleigh there may be various restrictions affecting the ability to carry out external changes to a property. Is this right?
There are a number of properties in Rayleigh which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Rayleigh should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I've digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Rayleigh solicitor - who is on the Clydesdale conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Clydesdale will need an independent valuation of the property. Your lawyer will not arrange this. Usually Clydesdale will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Rayleigh surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My sealed bid on a house in Rayleigh has been agreed to, the sellers do nevertheless have a tied purchase. The owners have placed an offer on a property, but it’s not yet agreed to, and have viewings of other flats in the pipeline. I have instructed a high street conveyancing solicitor in Rayleigh. What do I do now? At what point should I apply for the mortgage with Coventry BS?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Rayleigh conveyancing search costs, etc). The first thing to do is check that your property lawyer is on the Coventry BS approved list. Concerning the next phase this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. In a buoyant market some home buyers will apply for a home loan with Coventry BS and pay for the valuation and only if it comes back ok would they ask their lawyer to proceed with searches.
I was advised by numerous selling agents in Rayleigh to find a solicitor using your seach tool. What’s the financial advantage for Estate Agents to market your services over and above a competitor’s?
We don’t make any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to retain a conveyancing solicitor for freehold conveyancing in Rayleigh. I've discover a web site which appears to be the perfect answer If it is possible to get all this stuff completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
New build sellers have suggested I use a solicitor and I've received an estimate from them. They are almost £300 less expensive than my preferred Rayleigh solicitor. What's the catch?
Housebuilders often have panels of property lawyers who expedite matters and who know the seller’s contract and property lawyer. Plenty of developers offer an incentive to select a preferred conveyancing practitioner for this reason, any increased cost can be avoided and a developer will not put forward a conveyancing warehouse and run the risk of having the transaction delayed when they need an exchange within a tight deadline. The argument for not agreeing to use the recommended conveyancing practitioner is that they may prove reluctant to fight for your interests for fear of upsetting the developer. Where you have concerns that this may be the case you should stick with your high street Rayleigh lawyer.