Our Boxmoor conveyancer has uncovered a discrepancy when comparing the assumptions in the home valuation survey and what is in the legal papers for the property. My solicitor has advised that he must check that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s stance legitimate?
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 both parties.
We are planning to purchase with Melton Mowbray Building Society. I dropped in a few local firms yet am struggling to find a Boxmoor conveyancing firm on the Melton Mowbray Building Society approved list. Can you help?
Feel free to make use of the find a conveyancing panel solicitor tool on this web page. Pick the building society and type Boxmoor or your location and you will see a number of lawyer located in Boxmoor or near you.
Are there restrictive covenants that are commonly identified during conveyancing in Boxmoor?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Boxmoor. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Boxmoor is the location of the property. Is there any guidance you can impart?
Flying freeholds in Boxmoor are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Boxmoor you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Boxmoor 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 property.
How do I search for a Boxmoor law firm on the HSBC Bank conveyancing panel? I am a keen cyclist and am prepared to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please choose the lender and your location and you will see a number of Boxmoor conveyancing lawyers based on proximity. We have detailed some Boxmoor conveyancing firms at the bottom of this page and you can call them to check whether they are on the HSBC Bank approved list
I am employed by a reputable estate agent office in Boxmoor where we have witnessed a number of leasehold sales derailed as a result of short leases. I have received inconsistent advice from local Boxmoor conveyancing solicitors. Please can you clarify whether the seller of a flat can commence the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Boxmoor - Examples of Questions you should ask Prior to buying
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For most Boxmoor leaseholds the outlay for major works tend not to be incorporated into the maintenance charges, although there some managing agents in Boxmoor ask tenants to pay into a sinking fund and this is used to offset against major works. How many of the leaseholders are in arrears for their maintenance charge payments? What restrictions are there in the Boxmoor Lease?