My Willingham conveyancer has uncovered a discrepancy when comparing the assumptions in the valuation report and what is in the title deeds. My solicitor has advised that he needs to check that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance appropriate?
Your conveyancing practitioner 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.
We are intent on selling our house in Willingham and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Willingham lawyer would know this is not the case. For the life of me I don't know why the buyers used a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Willingham. We have lived in Willingham for 4 years we know of no issue. Do we contact our local Authority to obtain confirmation need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should check with 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 ailment)
How does conveyancing in Willingham differ for newly converted properties?
Most buyers of new build residence in Willingham come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Willingham tend to buy 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 used to new build conveyancing in Willingham or who has acted in the same development.
I need to find a conveyancing solicitor for leasehold conveyancing in Willingham. I happened to stumble upon a site which appears to be the ideal solution If there is a chance to get all this stuff done via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Why can't I complete our conveyancing in Willingham on May bank holiday?
Because on completion the funds will pass between the banks of the buyer and owner’s solicitor and at present this can only occur on a business day. It is not possible to complete on a saturday or sunday either.