Our Umberleigh conveyancer has discovered a difference between the surveyor’s assumptions in the valuation report and what is revealed within the title deeds. My solicitor informs me that he is obliged to ensure that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s stance appropriate?
Your solicitor 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 both parties.
How up to date is your database of Umberleigh solicitors on the Kent Reliance conveyancing panel? Do Kent Reliance send you an updated list?
Umberleigh conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
I have 70 years unexpired on my lease and need a lease extension for my flat in Umberleigh. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/9/2024 the requirements read as follows :
I understand that there are debates on Chancel Insurance on online forums. Do I need this when buying a residence in Umberleigh? or Apparently there is a law dating back centuries that could mean that homeowners residing in a parish church boundary will be compelled to contribute towards repairs towards the chancel within the church. Is this suitable for conveyancing in Umberleigh?
Unless a previous purchase of the property took place after 12 October 2013 you can assume that solicitors conducting conveyancing in Umberleigh to remain recommending a chancel search and or chancel repair liability insurance.
I'm buying my first flat in Umberleigh benefiting from help to buy. The developers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The sale representative told me not reveal to my solicitor about the side-deal as it could jeopardize my mortgage 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.
We are 17 days into a residential purchase having been directed to a firm by the local agent to do our conveyancing in Umberleigh. I am am very dissatisfied with the level of service. Could you you assist me in finding new lawyers?
They would need to be really poor in order to consider replacing them. Has the mortgage been sent? If so you need to inform them of the replacement solicitor and have the mortgage documents are re-sent. The solicitor ideally needs to be on the lenders approved list to avoid supplemental charges and complications. So that should be your starting point. The find a solicitor tool can help you find a lender approved lawyer for your conveyancing in Umberleigh