Our Thatcham lawyer has spotted a difference when comparing the surveyor’s assumptions in the valuation survey and what is in the legal papers for the property. My lawyer has advised that he is obliged to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
Your lawyer 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 you.
Me and my partner are purchasing a property in Thatcham. It might be a silly question but how we can trust a lawyer? At some point we have to deposit money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Thatcham bank branch on numerous occasions and was told they are content with the situation and they would lend. My Thatcham conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend in accordance with their specific requirements. I simply don't know who is right.
As long as the conveyancer is on the mortgage company panel, they must comply with the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Nationwide have agreed my mortgage in principle, my offer on a property in Thatcham has been accepted, what happens next?
Your estate agent will want to be advised as to your solicitor's details (make sure the solicitors are on the lender’s approved list). Telephone Nationwide or your broker and finish off any appropriate forms. Nationwide will sellect a valuer who will get in contact with the estate agent or seller to book an appointment. Once carried out (assuming no problems) it takes on average a fortnight to receive the mortgage offer. Nationwide will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Thatcham.
I require fast conveyancing in Thatcham as I have an ultimatum to exchange contracts in less than one month. Fortunately I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Thatcham the following are instances of what can appear and adversely impact future mortgageability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
I am looking for a leasehold apartment up to £195,000 and found one close by in Thatcham I like with open areas and station in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Thatcham in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I'm refinancing my current house to a buy to let loan with Skipton Building Society and intend to use the remaining equity as a down payment on a second house. The location we are looking at is Thatcham. Will your conveyancers be able to act for both sets of mortgage companies and link together the transactions?
Make use of our search tool on this site to check that the conveyancers are approved by both mortgage companies. Assuming that they are your conveyancer will be able to tie up the two deals but you should talk with you solicitor and make apparent your desired outcome and needs.
How do I find the right lawyer for my conveyancing in Thatcham ?
Option 1 is to ask the people you trust who they would recommend. Option 2 is to look on the web for conveyancing in Thatcham. Call a couple or more firms from the list and ask them to send you their conveyancing quote and discuss your needs with the solicitor who will conduct your conveyancing before you commit. Option 3 is to make use of this site to help you find the right solicitors taking into account your unique factors including location,speed, complexity and who your intended mortgage company is.Do not be fooled by £99 conveyancing solicitors in Thatcham