The Farnham Royal conveyancing firm handling our Farnham Royal conveyancing has uncovered an inconsistency between the information in the home valuation survey and what is in the legal papers for the property. My lawyer says that he must check that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action correct?
Your lawyer 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 both parties.
I have been told that property searches are the number one reason for stalling in Farnham Royal conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Farnham Royal.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Farnham Royal?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Farnham Royal. 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…’
How does conveyancing in Farnham Royal differ for new build properties?
Most buyers of new build premises in Farnham Royal contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Farnham Royal usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Farnham Royal or who has acted in the same development.
Given that I am about to part with hundreds of thousands of pounds on a property in Farnham Royal I wish to have a conversation with the conveyancer about myhouse move ahead of appointing the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you liaising with the solicitor who will be conducting your conveyancing in Farnham Royal.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter number. The practices that we put you in touch with believe that the figure you are quoted for your conveyancing in Farnham Royal should be the figure that you end up paying.