My Blackley solicitor has discovered a difference when comparing the information in the valuation survey and what is in the legal papers for the property. My solicitor has advised that he is duty bound to check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach correct?
Your solicitor 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.
We hope to to buy with Earl Shilton BS. We have called around locally yet am struggling to find a Blackley conveyancing firm on the Earl Shilton BS panel. Please you assist?
Please do take advantage of the find a conveyancing panel solicitor tool on this web page. Pick the mortgage company and type Blackley or your preferred area and you will be presented with numerous solicitors based in Blackley or near you.
five months have gone by following my purchase conveyancing in Blackley took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Blackley is where the house is located. Is there any advice you can impart?
Flying freeholds in Blackley are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Blackley you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Blackley may determine 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 - had an offer accepted, but the selling agent advised that the vendor will only issue a contract if we use the agent's preferred conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a family solicitor with experience of conveyancing in Blackley
We suspect that the seller is not behind this request. Should the owner desire ‘a quick sale', alienating a motivated purchaser is likely to cause more damage than good. Contact the vendors directly and explain that (a)you are serious buyers (b)you are ready to progress, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you are going to appoint your own,trusted Blackley conveyancing solicitors - not the ones that will give the estate agent a commission or meet his conveyancing targets pre-set by corporate headquarters.
Having checked my lease I have discovered that there are only 68 years unexpired on my flat in Blackley. I now want to extend my lease but my landlord is can not be found. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to demonstrate that you have done all that could be expected to find the landlord. On the whole a specialist should be helpful to try and locate and prepare a report to be used as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on proving the landlord’s absence and the vesting order request to the County Court overseeing Blackley.
Blackley Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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Is there a share of the freehold? If a Blackley lease has less than eighty years it will impact the marketability of the flat. It is worth checking with your lender that they are content with remaining years on the lease. Leases with fewer than 80 years remaining means that you will probably need a lease extension sooner rather than later and it is worth finding out what this will be. Remember, in most cases you would be required to have owned the residence for a couple of years before you are entitled to extend the lease. How much is the ground rent and service charge?