My Litherland lawyer has uncovered a discrepancy 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 happy with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
Your solicitor 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.
In what way does my ID and proof of funds have anything to do with my conveyancing in Litherland? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with prior to agreeing to accepting their conveyancing retainer. The Client Care letter that you need to sign will no doubt confirm this. Your lender will also require certain documents to be viewed. Where you refuse to supply identification documents, your lawyer will not be able to take you on as a client.
I have been told that property searches are the main reason for stalling in Litherland house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of delay in conveyancing in Litherland.
I bought my flat on 1 September and the transaction details is not yet registered. Need I be worried? My conveyancing solicitor in Litherland said it should be dealt with in less than a month. Are properties in Litherland particularly slow to register?
As far as conveyancing in Litherland is concerned, registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and if the Land registry need to notify any other parties. Currently approximately three quarters of submission are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Registration occurs after the new owner is living at the property thus an expedited registration is not always primary concern but where there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
How does conveyancing in Litherland differ for newly converted properties?
Most buyers of new build or newly converted property in Litherland contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Litherland typically buy the land, 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 accustomed to new build conveyancing in Litherland or who has acted in the same development.
My husband and I are 18 days into a leasehold purchase having been directed to conveyancers by the estate agent to handle our conveyancing in Litherland. I am not happy. Could you help me find new solicitors?
A solicitor would need to be very poor to suggest replacing them. Has the mortgage been generated? In the event that it has you need to make them aware of the replacement conveyancer and get the offer are re-issued. Your new solicitor ideally should be on the mortgage company panel to avoid supplemental expenses and delays. So that should be your first question of the new lawyers. Our find a solicitor tool can help you find a bank approved conveyancer for your home move in Litherland