The Blackwood conveyancing firm handling our Blackwood conveyancing has spotted an inconsistency between the assumptions in the valuation report and what is in the legal papers for the property. My solicitor has advised that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s approach appropriate?
Your conveyancer 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.
We are downsizing from our home in Blackwood and the buyers lawyers are claiming that there is a risk of it being built 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 purchasers used a factory type conveyancing outfit as opposed to a conveyancing solicitor in Blackwood. We have lived in Blackwood for six years we know that this is a non issue. Should we contact our local Authority to get confirmation need.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with 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 ailment)
It has been 3 months following my purchase conveyancing in Blackwood took place. I have checked the Land Registry website which shows that I paid £200,000 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 property 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 am buying a new build apartment in Blackwood. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Blackwood
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are architect prepared.
Due to the guidance of my in-laws I had a survey completed on a property in Blackwood before retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks tend not issue a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Blackwood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Blackwood to see if the conveyancing will be more expensive.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Blackwood and how can you help?
The 1954 Act provides security of tenure to business lessees, giving them the dueness to make a request to court for a new lease and remain in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Blackwood