Our Everton solicitor has discovered a difference when comparing the information in the valuation survey and what is revealed within the title deeds. My solicitor has advised that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach legitimate?
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.
As someone not used to the Everton conveyancing process what’s your top tip you can impart for the house moving process in Everton
You may not hear this from too many lawyers but conveyancing in Everton and elsewhere in England and Wales is often a confrontational process. In other words, when it comes to conveyancing there is plenty of room for friction between you and others involved in the house moving process. For example, the vendor, selling agent and sometimes the bank. Selecting a law firm for your conveyancing in Everton should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the legal process whose interest is to protect your legal interests and to keep you safe.
We are witnessing a distinct creep of a "blame" culture- someone must be blamed for the process being so protracted. You your first instinct should be to trust your lawyer above the other players in the conveyancing process.
The deeds to my home can not be found. The solicitors who handled the conveyancing in Everton 10 years ago no longer exist. What do I do?
Assuming you have a registered title the information relating to your ownership will be held by HMLR under a Title Number. It is possible to execute a search at the Land Registry, locate your property and get up to date copies of the property title for a small fee. Where the title is Leasehold then the Land Registry will also normally hold a certified copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
How does conveyancing in Everton differ for newly converted properties?
Most buyers of new build or newly converted property in Everton come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is finished. This is because builders in Everton tend to buy 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 property lawyers 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 Everton or who has acted in the same development.
I opted to have a survey completed on a property in Everton prior to appointing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some lenders will refuse to issue a loan on such a house.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Everton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Everton to see if the conveyancing costs will increase in light of this.