The Sully conveyancing firm handling our Sully conveyancing has spotted a difference when comparing the assumptions in the home valuation report and what is in the legal papers for the property. My lawyer says that he is duty bound to check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance correct?
Your solicitor 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.
Completed the sale of my flat in Sully last April but my buyer keeps e-mailing every few hours to moan that their solicitor is waiting to hear from mine. What should have happened now that I have sold?
Following your house sale your lawyer should deliver the transfer deeds and all of the paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer must also evidence that the mortgage has been paid off to the buyers conveyancers. There is unlikely to be post completion procedures unique to conveyancing in Sully.
Our lender has recommended a law firm on their panel based in Sully but I would rather choose a conveyancing lawyer in Sully local to me. Are you able to assist?
Far from all Sully conveyancing practitioners are approved and listed on all lender’s conveyancing panel. Use the above find an approved solicitor tool to locate a Sully conveyancing solicitor on the on the lender panel.
How does conveyancing in Sully differ for new build properties?
Most buyers of new build premises in Sully approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because house builders in Sully typically acquire 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 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 Sully or who has acted in the same development.
We have today had a bid accepted on our 1st house in Sully, and are about to get solicitors instructed. We have made use of the different rating tools and the results are from all over the country. Is it advisable to have a Sully lawyer local to your prospective new home? We are content to do all the communicating electronically, but I assume at some point we will need to visit the conveyancing practitioner's office to sign documents?
The conveyancing practitioner does not have to be in Sully, but opting for local means that you have the option to attend their offices if you need to, by way of example, if a signature is immediately necessary. In addition, a Sully solicitor is likely to be familiar with local agents and (if the vendor has chosen a local property lawyer) with them, which will help smooth the process.