The Topsham conveyancing firm handling our Topsham conveyancing has identified an inconsistency between the information in the home valuation survey and what is revealed within the title deeds. My lawyer says that he needs to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions 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.
Should lawyers ask for money up-front for conveyancing in Topsham?
Where you are retaining lawyers for conveyancing in Topsham your lawyer will ask you place them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the deposit is as part of the total price then this will be needed shortly ahead of contracts are exchanged. Any further balance that is needed should be sent to your lawyer shortly before completion.
We wanted to use a property lawyer in Topsham for our house move. Our broker informed us that our mortgage company Coventry Building Society won't deal with them. Why is this not regarded as unfair competition?
Lenders in the main imposes restrictions either the type or the volume of conveyancing firms on their approved list of lawyers. Typical examples of such criteria being that a firm must have two or more partners. As well as restricting the profile of firm, a few lenders have reduced the number of solicitor practices they allow to represent them. You should note that Coventry Building Society have no responsibility for the quality of advice provided by any member of Coventry Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels a few years ago even though there are differing opinions concerning the extent of solicitor engagement in some of that fraud. Data from the Land Registry reveal that thousands of law firms, including some in or near Topsham only conduct a couple conveyances a year.
My wife and I are buying a flat in Topsham. I might seem paranoid but how we can trust a conveyancer? On the day of competition we will need to send our life savings 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.
A relative advised me that in buying a property in Topsham there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are anumerous of properties in Topsham which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Topsham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We are getting a further advance on our mortgage from HSBC as we wish to conduct a loft conversion to our property in Topsham. Do we need to select a high street Topsham solicitor on the HSBC conveyancing panel to handle the legals?
HSBC do not ordinarily require a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC conveyancing panel.
Just had an offer accepted on a new build flat in Topsham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Topsham
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
There are plenty of houses in Topsham on unadopted roads. My partner and I are acquiring one such property. Are there any advantages to purchasing a property on a privately owned road?
Topsham conveyancing practices will be familiar with dealing homeson unadopted roads. The solicitor should review the title to find any rights or liabilities. It is possible that there is a management company (wholly owned by residents) that residents make annual contributions for the upkeep of the road. Where there is one, the road should be maintained and look nicer than publicly maintained.