The Woodford conveyancing firm handling our Woodford conveyancing has identified a discrepancy between the assumptions in the valuation report and what is in the legal papers for the property. My solicitor has advised that he must ensure that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance appropriate?
Your property lawyer 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 you.
My apartment in Woodford is up for sale and I have accepted an offer. Will the conveyancing practitioner need to be required to be on the UBS conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
My wife and I are intent on selling our house in Woodford and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local conveyancer would know this is not the case. For the life of me I don't know why the purchasers used a web based conveyancing outfit rather than a conveyancing solicitor in Woodford. We have lived in Woodford for many years we know that this is a non issue. Do we get in touch with our local Authority to seek clarification need.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You must enquire of 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)
Are there restrictive covenants that are commonly picked up during conveyancing in Woodford?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Woodford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to retain a conveyancing solicitor for my conveyancing in Woodford. I happened to stumble upon a site which looks to be the perfect offering If there is a chance to get all this stuff completed via web that would be preferable. Should I 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?