Our Claverdon lawyer has discovered a difference between the assumptions in the home valuation survey and what is revealed within the legal papers for the property. My solicitor informs me that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s approach right?
Your solicitor 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.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Claverdon. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/4/2025, the requirements read as follows :
My wife and I have a semi-detached Edwardian property in Claverdon. Conveyancing practitioner represented me and Halifax. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Claverdon and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing lawyer who conducted the purchase.
How does conveyancing in Claverdon differ for new build properties?
Most buyers of new build or newly converted property in Claverdon contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Claverdon tend to buy 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 conveyancers 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 Claverdon or who has acted in the same development.
I am looking for a flat up to £305k and found one close by in Claverdon I like with open areas and station in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Claverdon for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Am I best advised to appoint a Claverdon conveyancing lawyer who is local to the property I am purchasing? I have an old university friend who can handle the legal formalities but they are based 200kilometers drive away.
The primary upside of using a high street Claverdon conveyancing firm is that you can attend the office to execute paperwork, deliver your ID and apply pressure on them where appropriate. They will also have local knowledge which is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and in the main were happy that must outweigh using an unknown Claverdon conveyancing lawyer just because they are Claverdon based.