Our South Hornchurch lawyer has spotted a difference between the surveyor’s assumptions in the home valuation survey and what is revealed within the conveyancing documents. My lawyer informs me that he is obliged to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s course or action correct?
Your conveyancer 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.
Should conveyancers ask for money on account for my conveyancing in South Hornchurch?
If you are buying a property in South Hornchurch your lawyer will ask you put them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the total price then this will be required immediately before contracts are exchanged. The closing balance that is due will be payable a couple of days prior to the day of completion.
Our lender has suggested a law firm on their panel based in South Hornchurch but I would rather instruct a conveyancing lawyer in South Hornchurch local to me. Can you assist?
It is by no means the case that all South Hornchurch conveyancing firms are approved and listed on all lender’s conveyancing panel. Use our find an approved solicitor tool to locate a South Hornchurch conveyancing conveyancer on the on the bank panel.
I am close to exchanging contracts on the sale of our home in South Hornchurch and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A high street South Hornchurch conveyancer would know this is not the case. For the life of me I don't know why the buyers used a web based conveyancing outfit as opposed to a conveyancing solicitor in South Hornchurch. We have lived in South Hornchurch for three years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You need to 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 health insurance to cover that same ailment)
How does conveyancing in South Hornchurch differ for new build properties?
Most buyers of new build property in South Hornchurch come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in South Hornchurch usually acquire 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 conveyancing solicitors 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 South Hornchurch or who has acted in the same development.
Hoping to buy a property located in South Hornchurch and I am already nervous. I couldn't find anything specific about South Hornchurch. Conveyancing will be needed in due course but do you know about the South Hornchurch area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at South Hornchurch. In the meantime here are some basic statistics that we found