The Whitchurch conveyancing firm handling our Whitchurch conveyancing has spotted a difference between the assumptions in the valuation survey and what is revealed within the legal papers for the property. My lawyer has advised that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance right?
Your solicitor 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.
At what point will exchange of contracts happen for purchase conveyancing in Whitchurch and do I need to attend the lawyers office?
Where you are local to our conveyancing solicitors in Whitchurch you are welcome to attend to sign documents. That being said, the firms we recommend provide countrywide coverage for conveyancing and provide just as diligent and professional a job for you when dealing with you digitally. The signing of the sale agreement is not the point of no return. A signed contract is necessary for the conveyancer to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Whitchurch)to be in the office available at the end of the phone to exchange contracts.
I require expedited conveyancing in Whitchurch as I am under an ultimatum to exchange contracts in less than one month. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
As you are not getting a mortgage you are at liberty not to have searches conducted although no solicitor would suggest that you don't. With lots of history conveyancing in Whitchurch the following are examples of what can appear and adversely impact future mortgageability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...
How does conveyancing in Whitchurch differ for newly converted properties?
Most buyers of new build or newly converted property in Whitchurch approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Whitchurch tend to 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 Whitchurch or who has acted in the same development.
We're novice buyers - had an offer accepted, yet the estate agent told us that the owners will only proceed if we appoint the agent's recommended lawyers as they need an ‘expedited deal’. We would rather use a family solicitor used to conveyancing in Whitchurch
We suspect that the seller is not behind this request. Should the vendor desire ‘a quick sale', turning down a serious buyer is going to damage their objectives. Avoid the agents and go straight to the owners and explain that (a)you are serious buyers (b)you are ready to progress, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your own,trusted Whitchurch conveyancing lawyers - not the ones that will earn their negotiator at the agency a kickback or achieve conveyancing figures set by corporate headquarters.