My Tidworth solicitor has discovered a difference when comparing the information in the home valuation report and what is revealed within the title deeds. My lawyer has advised that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action legitimate?
Your property lawyer 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 you.
Having sold my house in Tidworth last October but our buyer keeps Skype messaging me to say their lawyer needs to hear from mine. What should my lawyer have done following completion?
Following your sale your lawyer should send the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your lawyer should also confirm that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There are no post completion steps peculiar conveyancing in Tidworth.
I had intended to instruct a property lawyer in Tidworth for our house purchase. Our financial adviser has since advised us that our bank Santander won't deal with them. Surely this is unduly restrictive?
Lenders tend to restrict either the category or the amount of conveyancing firms on their member panel. A common example of such restriction(s) being that a firm must not be a sole practitioner. As well as restricting the type of firm, some have limited the amount of firms they allow to act for them. Be aware that Santander have no responsibility for the quality of advice provided by any member of Santander Conveyancer Panel. Mortgage fraud was a key driver in the reduction of solicitor panels since 2008 even though there remains mixed opinions regarding the level of solicitor involvement in some of that fraud. Data from the Land Registry reveal that plenty of law firms, including some in or near Tidworth only execute very few conveyances a year.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Tidworth solicitor on the Leeds Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Tidworth. I have a mortgage offer with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
After what feels like an age I have had an offer on a flat in Tidworth accepted, but there is a chain. The sellers have placed an offer on a flat, however it’s not yet agreed to, and are looking at other apartments booked. I have chosen a local conveyancing solicitor in Tidworth. What do I do now? When do I get the mortgage application with Leeds Building Society going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then valuation, Tidworth conveyancing search fees, etc). The first thing to do is ensure that your property lawyer is on the Leeds Building Society conveyancing panel. Concerning the subsequent phase this very much dictated by the circumstances of your case, desire for this property and on the state of the market. During a hot market many buyers would apply for a home loan with Leeds Building Society and pay for the valuation and only if it was satisfactory would they pay their conveyancer to press on with searches.
My father has urged me to instruct his lawyers for conveyancing in Tidworth. Do I follow his recommendation?
There are no two ways about it the best way to select a conveyancing practitioner is to have feedback from friends or family who have previously instructed the conveyancer you're considering.
Should I stop the direct debit for my mortgage with UBS once a completion date for my home sale in Tidworth has been set?
You are best advised to keep meeting any mortgage sums to UBS pending the mortgage being discharged on completion as part of your Tidworth conveyancing.