My Crayford conveyancer has identified a difference when comparing the assumptions in the valuation report and what is revealed within the title deeds. My solicitor says that he is obliged to ensure that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action appropriate?
Your conveyancing practitioner 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.
I am planning to acquire a property and require a conveyancing solicitor in Crayford who is on the Nottingham Building Society approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nottingham Building Society in certain locations such as Crayford. We dont recommend any particular firm.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Crayford. Conveyancing is necessary evil 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 should expect your new-build leasehold conveyancing in Crayford
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am four weeks into a leasehold purchase having been recommend to a firm by the local agent to execute conveyancing in Crayford. I am not happy. Could you help me find new lawyers?
A lawyer would have to be very bad to suggest replacing them. Has your mortgage offer been generated? If so you need to advise them of the new solicitor and get the loan are re-sent. The solicitor ideally should be on the banks panel to avoid supplemental fees and frustration. That should be your starting point. Our find a solicitor tool can help you find a bank approved solicitor for your conveyancing in Crayford
I am hoping to sign contracts shortly on a ground floor flat in Crayford. Conveyancing solicitors assured me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Crayford should include some of the following:
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Alterations to the flat Where does the liability rest for repairing the window frames What the implications are if you are in breach of your lease terms? Does the lease prohibit wood flooring?
Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Crayford. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We can put you in touch with a Crayford conveyancing firm who can help.
An example of a Lease Extension case for a Crayford property is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case was in relation to 13 flats. The number of years remaining on the existing lease(s) was 76 years.
I am purchasing a ground floor apartment in Crayford. Conveyancing solicitor is awaiting, from the vendor, building insurance documents. This morning I was informed that the owner needs to send the insurance schedule for the flat above as well. Why does my conveyancer need to see the insurance for the other flat? Is it really required? We have been in hold for the last month…
It is not unheard of in leasehold conveyancing in Crayford to find Conveyancing in Crayford in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the freeholder insuring the complete property - which is definitely better. Do check with your property lawyer but it would seem that your solicitor is looking to verify that the whole building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated as a result of lack of insurance cover.