The Colyton conveyancing firm handling our Colyton conveyancing has spotted a difference when comparing the surveyor’s assumptions in the valuation report and what is in the conveyancing documents. My solicitor says that he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
Finally the sale completed on my house in Colyton last February but the buyer keeps SMS messaging every few hours to say his conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your sale your conveyancer should forward the transfer documentation and all additional paperwork to the buyer’s solicitors. Where appropriate, your lawyer must also send confirmation that the mortgage has been discharged to the buyers conveyancers. There are no post completion tasks specific conveyancing in Colyton.
I need some expedited conveyancing in Colyton as I am under a deadline to exchange contracts within one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to do searches although no lawyer would suggest that you don't. With plenty of history conveyancing in Colyton the following are instances of what can arise and adversely impact future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
The estate agent has sent us the confirmation of our purchase of a new build apartment in Colyton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Colyton
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Colyton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Colyton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Colyton you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Colyton 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 premises.
I happen to be an executor of my recently deceased mum’s Will, with a house in Colyton which is to be sold. The house is unregistered at the Land Registry and I'm told that many buyers solicitors will insist that it is in place before they will move forward. What's the mechanism for this?
In the situation you refer to it seems prudent to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.