Our Seaham lawyer has identified an inconsistency between the assumptions in the valuation report and what is revealed within the legal papers for the property. My solicitor has advised that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?
Your conveyancer 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.
At what point will exchange of contracts occur in purchase conveyancing in Seaham and do I need to attend the lawyers office?
Where you are round the corner to one of the conveyancing solicitors in Seaham you are welcome to attend to sign documents. That being said, the firms we recommend offer a national conveyancing service and provide just as detailed and professional a job for you when dealing with you electronically. The executing of the sale agreement is not the critical part. Signing on the dotted line simply enables the solicitor to exchange contracts at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Seaham)to be in the office at the appropriate time.
I am purchasing a garden flat in Seaham. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Seaham you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Seaham.
Me and my brother own a semi-detached Victorian property in Seaham. Conveyancing practitioner represented me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Seaham and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing lawyer who conducted the purchase.
My husband and I are 17 days into a freehold purchase having been directed to conveyancers by the estate agent to perform conveyancing in Seaham. I am am very disappointed with the quality of service. Could you help me find new lawyers?
A conveyancer would have to be really poor in order to consider replacing them. Has the loan offer been sent? In the event that it has you must inform them of the replacement lawyer and get the loan are re-issued. The conveyancer needs to be on the banks approved list to avoid supplemental costs and complications. That should be your first question of the new lawyers. The search tool will assist you in finding a lender approved conveyancer for your conveyancing in Seaham