The Old Colwyn conveyancing firm handling our Old Colwyn conveyancing has identified an inconsistency when comparing the assumptions in the valuation survey and what is in the title deeds. My solicitor has advised that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action legitimate?
Your property lawyer 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.
Can your site be used to find a Conveyancing solicitor in Old Colwyn even where I’m not buying or disposing of a house, for example if I intend to acquire an office in Old Colwyn with a loan from Yorkshire Building Society?
The service is primarily there to get a quote from domestic conveyancing solicitors in Old Colwyn but we have recorded towards the bottom of this page a selection of Old Colwyn commercial conveyancing firms. You should make contact with the firm directly to see if they can also act for Yorkshire Building Society
I have been told that property searches are the number one reason for delay in Old Colwyn conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Old Colwyn.
How does conveyancing in Old Colwyn differ for new build properties?
Most buyers of new build residence in Old Colwyn approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in Old Colwyn tend to buy the site, 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 property lawyers 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 used to new build conveyancing in Old Colwyn or who has acted in the same development.
My husband and I are FTB’s - had an offer accepted, but the property agent advised that the owners will only go ahead if we appoint the agent's recommended lawyers as they want an ‘expedited deal’. We would rather use a high street solicitor used to conveyancing in Old Colwyn
We suspect that the owner is not behind this ultimatum. If they desire ‘a quick sale', turning down a motivated purchaser is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Old Colwyn conveyancing lawyers - rather thanthe ones that will earn their negotiator at the agency a referral fee or meet his conveyancing thresholds demanded by head office.