My Balham solicitor has spotted a discrepancy when comparing the surveyor’s assumptions in the home valuation survey and what is in the title deeds. My lawyer says that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
Do I need to visit the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Balham so that I can pop in to their offices if required.
As opposed to twenty years ago, most mortgage companies no longer oblige their conveyancing panel solicitor to witness the borrowers signature. It will still be necessary for you to hand over identification documents and there are still distinct advantages to using a locally based ayer, in your situation a conveyancing solicitor in Balham.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Balham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Balham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What does commercial conveyancing in Balham cover?
Commercial conveyancing in Balham covers a wide array of advice, supplied by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Is it best to go with a Balham conveyancing practitioner in close proximity to the house I am hoping to buy? We have a good friend who can perform the legal formalities but his firm is located over three hundred kilometers away.
The benefit of a high street Balham conveyancing firm is that you can drop in to sign paperwork, present your identification documents and pester them where appropriate. Having local Balham know how is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and they were content that should outweigh using an unknown Balham conveyancing solicitor solely due to them being Balham based.