My Dorset solicitor has uncovered an inconsistency between the assumptions in the home valuation survey and what is revealed within the title deeds. My solicitor informs me that he is obliged to check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications 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.
What is the first thing I need to know about purchase conveyancing in Dorset?
You may not hear this from too many lawyers but conveyancing in Dorset and elsewhere in England and Wales is an adversarial process. In other words, when it comes to conveyancing there is an abundance of opportunity for confrontation between you and other parties involved in the transaction. E.g., the seller, selling agent and even potentially the lender. Choosing a law firm for your conveyancing in Dorset is a critical decision as your conveyancer is your adviser, and is the ONE party in the legal process whose responsibility is to protect your best interests and to protect you.
Every so often a potential adversary may attempt to convince you that you should follow their advice. As an example, the selling agent may claim to be helping by suggesting your solicitor is wrong. Or your financial adviser may advise you to do something that is contrary to your solicitors guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I require expedited conveyancing in Dorset as I am faced with pressure to sign on the dotted line inside 4 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not taking a home loan you have the choice not to have searches conducted although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in Dorset the following are examples of what can show up and adversely impact market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
My step-father has suggested that I use his lawyers for conveyancing in Dorset. Should I use them?
No doubt the best way to find a conveyancing practitioner is to have recommendations from friends or relatives who have actually previously instructed the solicitor that you are are thinking of instructing.
I have just started marketing my basement flat in Dorset.Conveyancing is yet to be initiated but I have recently had a half-yearly maintenance charge demand – what should I do?
It best that you clear the service charge as normal given that all rents and service charges should be apportionedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially