Willusing a Cuckfield conveyancing practice make the legal process smoother?
Generally conveyancing lawyers in your location will enjoy good alliances with your local authority, which can assist with the Cuckfield conveyancing searches that your solicitor will inevitably need. It can only help if they have good relationships with the Land Registry covering your area Cuckfield, other conveyancers in the area and Cuckfield Estate Agents.
The Cuckfield conveyancing firm handling our Cuckfield conveyancing has discovered a discrepancy when comparing the assumptions in the home valuation report and what is in the title deeds. My solicitor says that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance legitimate?
Your lawyer must comply with the UK Finance Lenders’ Handbook specifications 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.
Me and my brother own a semi-detached Victorian house in Cuckfield. Conveyancing solicitor acted for me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for 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 Cuckfield and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing practitioner who completed the work.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Cuckfield. Conveyancing is daunting 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.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Cuckfield
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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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Cuckfield is where the house is located. What do you suggest?
Flying freeholds in Cuckfield are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cuckfield you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cuckfield may decide 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.
We have instructed a Cuckfield conveyancing solicitor for our house purchase (FTB’s) and have spotted in the Ts and Cs that they are not overseen by the Financial Conduct Authority. Need I be concerned or is that the norm with property lawyer?
We can't see why they should be. Most lawyer don't lend money. They should be regulated by the SRA, who set strict conditions in relation to monies sitting in their bank.