Our Maidenhead solicitor has spotted a discrepancy when comparing the surveyor’s assumptions in the valuation report and what is in the title deeds. My solicitor informs me that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance right?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions 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 both parties.
When can the exchange of contracts occur in sale conveyancing in Maidenhead and am I required to be at the solicitors branch?
If you are round the corner to our conveyancing solicitors in Maidenhead you are invited in to sign contracts. However, the law practices we recommend provide countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when communicating with you electronically. The signing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the firm to address the formalities at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Maidenhead)to be in the office at the appropriate time.
Is there a search tool that I can utilise to check that the solicitor carrying out my conveyancing in Maidenhead is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Britannia thus spending £187.00 plus VAT in additional conveyancing fees.
You should make use of the search tool on this web page. Please choose the lender and type ‘Maidenhead’ or your location and you will see a number of lawyer offices in Maidenhead or by proximity to you.
Should my conveyancer be raising questions about flooding as part of the conveyancing in Maidenhead.
Flooding is a growing risk for conveyancers dealing with homes in Maidenhead. Some people will buy a house in Maidenhead, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, however there are a numerous searches that can be undertaken by the buyer or by their solicitors which will figure out the risks in Maidenhead. The standard completed inquiry forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the owner to discover if the property has historically flooded. In the event that flooding has previously occurred and is not revealed by the owner, then a purchaser could commence a legal claim for losses stemming from an incorrect response. The purchaser’s lawyers should also order an enviro search. This will indicate if there is any known flood risk. If so, more detailed inquiries will need to be conducted.
Do I need to be concerned that third parties that I am dealing with are suggesting a web based conveyancing firm as opposed to a local Maidenhead conveyancing practice?
As with many professional services, often recommendations from family and friends can be most helpful. Nevertheless there are lots of parties with a vested interest in a conveyancing deal; estate agents, financial adviser and mortgage companies might all put forward solicitors to select. On occasion the solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a commercial relationship behind the endorsement. You have the discretion to appoint your preferred lawyer. You need to be aware that the majority of lenders specify a panel list of conveyancers you are obliged to use for the mortgage aspect of your transaction.
Should I use a Maidenhead conveyancing solicitor in close proximity to the house I am purchasing? We have a good friend who can deal with the legal formalities however they are based 400kilometers drive away.
The benefit of a local Maidenhead conveyancing practice is that you can visit the firm to sign paperwork, hand in your identification documents and pester them if necessary. They will also have local insight which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and they were content that must outweigh using an unknown Maidenhead conveyancing lawyer solely due to them being local.