The Shildon conveyancing firm handling our Shildon conveyancing has discovered an inconsistency when comparing the information in the home valuation survey and what is in the conveyancing documents. My lawyer has advised that he must check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action legitimate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements 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.
Various online forums that I have come across warn that are the number one cause of delay in Shildon house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Shildon.
How does conveyancing in Shildon differ for newly converted properties?
Most buyers of new build premises in Shildon contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Shildon usually 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 accustomed to new build conveyancing in Shildon or who has acted in the same development.
In my capacity as executor for the estate of my grandfather I am selling a property in Neath but reside in Shildon. My lawyer (based 200 kilometers awayrequires that I sign a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in Shildon who can attest this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are located in Shildon
Should local authority permission be required to convert a house into multiple appartments in Shildon? This has occurred to a house adjacent to my house in Shildon and was unaware of it happening until the works were complete.
Planning consent is needed for converting a single house in Shildon into apartments but possibly not for converting back to single dwelling-house so, in answer to your query, yes.