Our Shoreditch conveyancer has discovered an inconsistency when comparing the assumptions in the valuation survey and what is in the title deeds. My solicitor informs me that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action appropriate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions 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.
What is your number one tip for finding a conveyancing solicitor in Shoreditch
It would be unwise to be seduced by the cheapest Shoreditch conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Can I be sure that the Shoreditch conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Shoreditch getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the solicitor handling your transaction.
I am currently in the process of buying my council flat in Shoreditch. I have a mortgage offer with TSB. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
How does conveyancing in Shoreditch differ for new build properties?
Most buyers of new build premises in Shoreditch approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is constructed. This is because developers in Shoreditch typically acquire the land, 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 Shoreditch or who has acted in the same development.
My business partner and I are wishing to take over a lease of an office on the high street. Can you recommend lawyers offering no-move-no fees for non-domestic conveyancing in Shoreditch for below 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Shoreditch, including the disposal and acquisition of businesses as well as simply property. If you are looking to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. As for the fees this will depend on the structure and heads of terms of the deal. Please provide us with your details or email so as to enable us to provide you with comprehensive commercial conveyancing quote.
In my capacity as executor for the estate of my uncle I am selling a residence in Cardiff but live in Shoreditch. My conveyancer (who is 235 miles from merequires that I execute a stat dec prior to completion. Can you recommend a conveyancing solicitor in Shoreditch who can attest and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Shoreditch