The Culcheth conveyancing firm handling our Culcheth conveyancing has spotted a difference when comparing the information in the valuation report and what is revealed within the legal papers for the property. My lawyer informs me that he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
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.
Why do I have to pay up front when it comes to conveyancing in Culcheth?
If you are buying a property in Culcheth your solicitor will ask you to provide them with funds to cover the search fees. Normally this is called for to cover the fees of the Local Authority Search. If any deposit is payable against the purchase price then this should be required shortly in advance of contracts are exchanged. The final balance that is due should be sent to your lawyer a couple of days ahead of the completion date.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who handled the conveyancing in Culcheth 10 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to have the physical deeds to evidence that you own the land or premises, as the Land Registry have everything they need in a digital format.
How does conveyancing in Culcheth differ for new build properties?
Most buyers of new build premises in Culcheth approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Culcheth tend to 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 used to new build conveyancing in Culcheth or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a simple, no chain conveyancing. Culcheth is where the house is located. Is there any guidance you can give?
Flying freeholds in Culcheth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Culcheth you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Culcheth may determine 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 residence.
I need to instruct a conveyancing lawyer in Culcheth for my house move. Can I see a solicitor's complaints history with the profession’s regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) decisions arising from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator sometimes recorded call for training reasons.