The Marks Gate conveyancing firm handling our Marks Gate conveyancing has identified a discrepancy when comparing the assumptions in the home valuation report and what is revealed within the legal papers for the property. My lawyer informs me that he needs to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications 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.
Do lawyers request money on account for conveyancing in Marks Gate?
Where you are retaining lawyers for conveyancing in Marks Gate your lawyer will request that you put them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the sale price then this should be asked for shortly before exchange of contracts. The final balance that is needed should be transferred a few days prior to the day of completion.
My wife and I are intent on selling our house in Marks Gate and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Marks Gate lawyer would know this is not the case. For the life of me I don't know why the purchasers used a web based conveyancing firm as opposed to a conveyancing solicitor in Marks Gate. We have lived in Marks Gate for 4 years we know of no issue. Should we get in touch with our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. What do they say? You need to 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)
How does conveyancing in Marks Gate differ for newly converted properties?
Most buyers of new build or newly converted property in Marks Gate approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Marks Gate usually buy the site, 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 conveyancers 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 Marks Gate or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Marks Gate in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some lenders tend not give a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Marks Gate. Conveyancing will be smoother if you use a solicitor in Marks Gate especially if they are familiar with such properties in Marks Gate.
I need to find a conveyancing solicitor for my conveyancing in Marks Gate. I have stumble across a web site which appears to be the perfect answer If it is possible to get all the legals completed via email that would be ideal. Should I be concerned? 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?