The Stoke Bishop conveyancing firm handling our Stoke Bishop conveyancing has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is revealed within the conveyancing documents. My lawyer has advised that he is obliged to ensure that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action legitimate?
Your solicitor 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 both parties.
Should our solicitor be making enquiries about flooding during the conveyancing in Stoke Bishop.
Flooding is a growing risk for lawyers dealing with homes in Stoke Bishop. Plenty of people will acquire a house in Stoke Bishop, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, but there are a numerous checks that may be undertaken by the buyer or on a buyer’s behalf which will figure out the risks in Stoke Bishop. The standard information supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to discover whether the premises has ever been flooded. If the residence has been flooded in past and is not disclosed by the owner, then a purchaser may commence a compensation claim stemming from an inaccurate reply. The buyer’s lawyers may also commission an enviro report. This will reveal if there is any known flood risk. If so, further investigations should be initiated.
I used Action Conveyancing a few years ago for my conveyancing in Stoke Bishop. I now require my papers but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Stoke Bishop of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Stoke Bishop benefiting from help to buy. The builders refused to reduce the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my solicitor about this deal as it will adversely affect my loan with the bank. Is this normal?.
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.
In what way can the Landlord & Tenant Act 1954 affect my commercial premises in Stoke Bishop and how can you help?
The particular law that you refer to provides protection to commercial tenants, granting the right to apply to court for a renewal tenancy and continue in occupation at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Stoke Bishop
My cousin has encouraged me to appoint his lawyers for conveyancing in Stoke Bishop. Do I follow his recommendation?
Much as we are happy to recommend a Stoke Bishop conveyancing lawyer it’s preferable to find a conveyancing lawyer is to get guidance from friends or family who have previously instructed the firm you're considering.