The Seaford conveyancing firm handling our Seaford conveyancing has uncovered an inconsistency when comparing the assumptions in the valuation report and what is in the conveyancing documents. My lawyer informs me that he is obliged to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?
Your conveyancing practitioner 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 you.
As someone clueless as to the Seaford conveyancing process what’s the number one tip you can give me concerning the legal transfer of property in Seaford
You may not hear this from too many lawyers but conveyancing in Seaford or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of room for friction between you and others involved in the legal transfer of property. For instance, the seller, estate agent and even potentially your mortgage company. Choosing a law firm for your conveyancing in Seaford is a critical decision as your conveyancer is your adviser, and is the ONE person in the transaction whose interest is to protect your legal interests and to keep you safe.
On occasion a potential adversary will attempt to convince you that you should follow their advice. For instance, the property agent may claim to be helping by suggesting your conveyancer is slow. Or your financial adviser may tell you to do something that is contrary to your conveyancers recommendation. You should always trust your lawyer above all other parties in the home moving process.
Please explain the implications if my lawyer’s firm is suspended from the Yorkshire BS Conveyancing panel ahead of completing my conveyancing in Seaford?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
How does conveyancing in Seaford differ for newly converted properties?
Most buyers of new build property in Seaford contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Seaford typically acquire 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 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 Seaford or who has acted in the same development.
In my capacity as executor for the will of my grandfather I am selling a residence in Monmouth but reside in Seaford. My conveyancer (based 235 miles from merequires that I execute a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Seaford who can witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Seaford based