Our Dunmow conveyancer has discovered a difference between the information in the valuation report and what is revealed within the title deeds. My lawyer informs me that he is obliged to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach appropriate?
Your 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.
We see that you have a search directory identifying solicitors on the Santander conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Dunmow?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Dunmow.
I am purchasing a garden flat in Dunmow. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Dunmow you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Dunmow.
Due to the guidance of my in-laws I had a survey completed on a house in Dunmow prior to retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some lenders will refuse to grant a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dunmow. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking at a couple of apartments in Dunmow which have in the region of 50 years remaining on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the premises for a period of time. As the lease shortens the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. For this reason it is often a good idea to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.
Leasehold Conveyancing in Dunmow - Examples of Questions you should ask before buying
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The answer will be useful as a) areas can cause problems in the block as the common areas may start to deteriorate if services are not paid for b) if the tenants have an issue with the managing agents you will need to have full disclosure Are any of leasehold owners in dispute over their service charge payments?
What type of premises does your Dunmow conveyancing estimates apply to?
Our conveyancing quotes are only relevant to standard domestic premises in England & Wales. If you have any different needs such as industrial or agricultural property or commercial conveyancing in Dunmow please contact us to address this further .