The Shadwell conveyancing firm handling our Shadwell conveyancing has discovered a discrepancy between the surveyor’s assumptions in the home valuation survey and what is revealed within the title deeds. My lawyer has advised that he is duty bound to check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
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 had intended to instruct a conveyancing solicitor in Shadwell for our house move. Our broker informed us that our mortgage company Clydesdale won't deal with them. Why is this not regarded as unduly restrictive?
A lender will require a panel conveyancer act for it. Borrowers are liable to meet the charges for this. Do use our database to get a quote from a solicitor to carry conveyancing in Shadwell on the Clydesdale member panel.
I am close to exchanging contracts on the sale of our home in Shadwell and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any local conveyancer would know this is not the case. It does beg the question why the buyers used an internet conveyancing practice as opposed to a conveyancing solicitor in Shadwell. Having lived in Shadwell for three years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Shadwell differ for new build properties?
Most buyers of new build residence in Shadwell approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Shadwell 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 conveyancers 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 Shadwell or who has acted in the same development.
I opted to have a survey completed on a property in Shadwell ahead of appointing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks will refuse to grant a loan on such a home.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you e-mail us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Shadwell. Conveyancing will be smoother if you use a solicitor in Shadwell especially if they are accustomed to such properties in Shadwell.