The Westhoughton conveyancing firm handling our Westhoughton conveyancing has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation survey and what is revealed within the legal papers for the property. My lawyer says that he needs to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach appropriate?
Your 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 both parties.
My wife and I are selling our house in Westhoughton and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a factory type conveyancing outfit as opposed to a conveyancing solicitor in Westhoughton. Having lived in Westhoughton for three years we know that this is a non issue. Should we get in touch with our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Westhoughton differ for new build properties?
Most buyers of new build or newly converted property in Westhoughton come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Westhoughton 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 Westhoughton or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Westhoughton is where the house is located. What do you suggest?
Flying freeholds in Westhoughton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Westhoughton you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Westhoughton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
We're novice buyers - agreed a price, but the agent told us that the seller will only go ahead if we use the agent's recommended lawyers as they want a ‘quick sale’. My instinct tells me that we should use a local solicitor who is familiar with conveyancing in Westhoughton
It is highly unlikely the vendors are driving this. Should the seller desire ‘a quick sale', turning down a serious purchaser is counter productive. Try to communicate with the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you are going to instruct your preferred Westhoughton conveyancing lawyers - not the ones that will earn their estate agent a commission or achieve conveyancing figures set by head office.