The Maze Hill conveyancing firm handling our Maze Hill conveyancing has spotted a difference between the assumptions in the valuation report and what is in the conveyancing documents. My solicitor informs me that he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s approach correct?
Your property lawyer 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.
We note that you have a post code search directory listing solicitors on the UBS conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Maze Hill?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Maze Hill.
The deeds to our home can not be found. The lawyers who dealt with the conveyancing in Maze Hill 5 years ago are no longer around. What are my options?
In today’s world there are duplicates made of almost everything, and your conveyancer should be aware exactly where to look for all the appropriate documentation so you may buy or dispose of your house without any difficulty. Where duplicates are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
How does conveyancing in Maze Hill differ for newly converted properties?
Most buyers of new build or newly converted property in Maze Hill approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Maze Hill usually acquire the real estate, 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 Maze Hill or who has acted in the same development.
I opted to have a survey done on a property in Maze Hill prior to retaining lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks tend refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Maze Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
Why can't I complete my conveyancing in Maze Hill on Easter Monday?
This is due to the fact that on completion the money needs to be transferred electronically between the banks of the purchaser and owner’s lawyer and at present this can only take place on a business day. It is not possible to complete on a weekend either.