Our Skelmersdale solicitor has identified an inconsistency between the surveyor’s assumptions in the valuation survey and what is in the legal papers for the property. My lawyer says that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook requirements 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.
How does conveyancing in Skelmersdale differ for new build properties?
Most buyers of new build residence in Skelmersdale contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Skelmersdale 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 Skelmersdale or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Skelmersdale prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some lenders may refuse to issue a loan on such a property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Skelmersdale. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Skelmersdale to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Skelmersdale cover?
Commercial conveyancing in Skelmersdale covers a broad array of advice, given by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am using a search engine for the term on line conveyancing in Skelmersdale it reveals numerous solicitorsin the area. With so much choice what is the best way to find the right conveyancing solicitor for the sale of my house?
The ideal way of seeking the right conveyancer is through a trusted referral, so seek the opinion of colleagues and family who have acquired a property in Skelmersdale or the respected estate agent or financial adviser. Charges for conveyancing in Skelmersdale vary, so it's advisable to secure a minimum of three fee estimates from varying types of solicitors. Make sure that you clarify that the fees are fixed.
My friend mentioned that when choosing a conveyancing lawyer they need approved by your lender. This is my first home move but I have an offer in principle via Halifax and I already have a local conveyancing solicitor in Skelmersdale on standby. Will Halifax require an approved lawyer to be instructed? If so, where can I find that list so I can choose a conveyancing solicitor in Skelmersdale?
You need to use a solicitor that is on the Halifax panel. The simplest thing to do is call your chosen Skelmersdale conveyancing solicitor to check if they are on the Halifax panel. If they are not approved you have a number of choices open to you here:
- Proceed with your preferred Skelmersdale property lawyer but Halifax will no doubt instruct a solicitor from their conveyancing panel. This will result in additional charges together with potential interruption.
- Appoint a fresh lawyer to conduct the conveyancing, ensuring that they are on the Halifax conveyancing panel.
- Appeal to your conveyancing practitioner to seek to join the bank panel.