Our lawyer has identified a a problem with the lease for the property we are purchasing in Drakes Cross. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that he must ensure that the lender is content with this solution. Are we the client or is the lender?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the bank are the client. These conveyancing instructions have to be complied with.
Can I use your services to locate a Conveyancing solicitor in Drakes Cross even where I’m not buying or disposing of a house, for instance where I wish to acquire an office in Drakes Cross with a loan from The Mortgage Works?
The service is predominantly used to locate domestic conveyancing solicitors in Drakes Cross but we have set out at the bottom of this page some Drakes Cross commercial conveyancing firms. You will need to make contact with the solicitors directly to see if they can also act for The Mortgage Works
How do I find out if the solicitor carrying out my conveyancing in Drakes Cross is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Ireland thus paying £187.00 plus VAT in supplemental legal fees.
Please do take advantage of the search tool on this web page. Please choose the lender and type ‘Drakes Cross’ or your location and you will discover numerous solicitors located in Drakes Cross or nearest you.
I have been on the look out for a ground for flat up to £195,000 and identified one near me in Drakes Cross I like with amenity areas and station nearby, however it only has 51 remaining years left on the lease. There is not much else in Drakes Cross suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Drakes Cross and how can your lawyers assist?
The 1954 Act gives a safeguard to business tenants, granting the a statutory right to apply to court for a renewal lease and continue in occupation when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Drakes Cross is one of our numerous areas of the UK in which the firms we work with have offices
In my capacity as executor for the estate of my aunt I am selling a house in Neath but live in Drakes Cross. My solicitor (approximately 300 miles awayhas requested that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Drakes Cross who can witness and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are located in Drakes Cross