Our Stanwick lawyer has uncovered a discrepancy when comparing the surveyor’s assumptions in the valuation report and what is revealed within the conveyancing documents. My solicitor informs me that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach legitimate?
Your property lawyer 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.
Is there a search tool that I can use to find out if the solicitor handling my conveyancing in Stanwick is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays Direct thus spending £175.00 in another set of conveyancing costs.
You should take advantage of the find a lender approved solicitor tool on this web page. Pick the mortgage company and type ‘Stanwick’ or your location and you will be presented with numerous conveyancers offices in Stanwick or near you.
4 months have elapsed since my purchase conveyancing in Stanwick concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been recommended by a number of property agents in Stanwick to select a property lawyer using your seach tool. Is there a financial upside for Estate Agents to market your site ahead of alternative conveyancing organisations?
We refuse to offer any financial incentive for directing people our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am using a search engine for the phrase cheap conveyancing in Stanwick it brings up many solicitorsin the area. How do I determine which is the right solicitor for the sale of my house?
The ideal method of seeking a suitable conveyancer is through a trusted recommendation, so seek the counsel of colleagues and those you trust who have acquired a property in Stanwick or a reputable estate agent or mortgage broker. Costs for conveyancing in Stanwick vary, so it's sensible to request at least three fee estimates from different property lawyers. Dont forget to clarify that the costs are assured not to escalate.