The Ventnor conveyancing firm handling our Ventnor conveyancing has uncovered an inconsistency when comparing the information in the valuation report and what is revealed within the title deeds. My solicitor says that he is obliged to ensure that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach correct?
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.
We see that you have a post code search directory identifying solicitors on the RBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Ventnor?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ventnor.
I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would much rather appoint a Ventnor based conveyancing firm?
You should check but the chances are that allocate you one of their panel lawyers should you accept the "fee-free" offer. Call the lender to see if they offer you a cash alternative. Some banks have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Ventnor.
How easy is it to swap solicitor as I need to retain a firm on the TSB conveyancing panel. I had appointed a local conveyancing solicitor in Ventnor round the corner but she is not approved by TSB
We will our best to assist in finding you a conveyancing solicitor in Ventnor on the TSB panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Ventnor. In making use of the find a conveyancing solicitor tool on this page, you can contrast fees for conveyancing solicitors in Ventnor and throughout England and Wales.
My husband and I are FTB’s - agreed a price, yet the agent told us that the vendor will only move forward if we instruct the agent's recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a high street solicitor who is accustomed to conveyancing in Ventnor
We suspect that the seller is not behind this requirement. If they require ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Contact the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Ventnor conveyancing solicitors - not the ones that will earn their negotiator at the agency a kickback or meet his conveyancing thresholds pre-set by HQ.
My husband and I accepted an offer on a Ventnor flat left to us ten years ago in 2010. I have over a decades worth of conveyancing know-how and, although retired, intend to conduct the conveyancing. The purchaser's lawyer has informed me that their mortgage company will not allow you to do your own conveyancing mandating that the funds to be sent to a solicitor's bank account.
Lending instructions to solicitors from all mainstream lenders state that If the vendor does not have legal representation the buyer’s lawyers should check whether the lender needs to be told so that a decision can be made if they are willing to move forward.