My Axminster solicitor has discovered a difference when comparing the surveyor’s assumptions in the valuation survey and what is revealed within the legal papers for the property. My lawyer has advised that he must check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s approach appropriate?
Your property lawyer 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 you.
Completed the sale of my flat in Axminster last February but the buyer keeps e-mailing daily to say his lawyer needs to hear from mine. What are the post completion sale legalities following completion?
Post completion of your house sale your lawyer is committed to deliver the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Where relevant, your solicitor must also evidence that the mortgage has been paid off to the purchasers lawyers. There is unlikely to be post completion steps specific conveyancing in Axminster.
How does conveyancing in Axminster differ for new build properties?
Most buyers of new build premises in Axminster come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Axminster typically buy 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 Axminster or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Axminster is where the house is located. Can you offer any advice?
Flying freeholds in Axminster are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Axminster you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Axminster may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
As co-executor for the will of my aunt I am selling a residence in Swansea but live in Axminster. My lawyer (approximately 250 miles from meneeds me to sign a stat dec prior to completion. Could you suggest a conveyancing lawyer in Axminster to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are Axminster based
A mortgage agreement from a bank for the refinancing of my 2 bedroom garden flat is expected by the end of next week. Could you suggest an efficient remortgage conveyancing law firm in Axminster ?
You are on the wrong site if you are in need of the lowest fares for conveyancing in Axminster. Our goal is to offer cost effective conveyancing but we do not aim to work with the cheapest lawyers. Do not be fooled by brokers offering low cost conveyancing in Axminster.In your best case scenario, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up being stung for extras and still not receive the service expected.