Our Edenthorpe conveyancer has uncovered a difference between the information in the home valuation survey and what is in the legal papers for the property. My solicitor has advised that he needs to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions 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.
We note that you have a search directory identifying firms on the Yorkshire BS conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Edenthorpe?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Edenthorpe.
Should my conveyancer be making enquiries about flooding during the conveyancing in Edenthorpe.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Edenthorpe. Plenty of people will purchase a house in Edenthorpe, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, but there are a number of checks that may be carried out by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Edenthorpe. The standard information given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the vendor to find out if the premises has suffered from flooding. If the property has been flooded in past and is not notified by the vendor, then a purchaser could bring a legal claim for losses as a result of such an misleading reply. The buyer’s solicitors will also conduct an enviro report. This will reveal if there is a recorded flood risk. If so, further investigations should be carried out.
I'm purchasing a new build house in Edenthorpe benefiting from help to buy. The developers refused to budge the amount so I negotiated 6k of additionals instead. The house builders rep advised me not disclose to my solicitor about this side-deal as it would put at risk my loan with TSB. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Edenthorpe and how can you help?
The particular law that you refer to affords security of tenure to commercial tenants, granting the a statutory right to apply to court for a new tenancy and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Edenthorpe is one of the numerous locations in which our lawyers are based
Can you set out the aspects of conveyancing handled by Edenthorpe conveyancing solicitors?
By and large Edenthorpe conveyancing solicitors manage to provide a number of services to domestic and rural land proprietors, sellers, buyers, freeholders and tenants helping outwith some of the following:
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House sale conveyancing in Edenthorpe or throughout the rest of the country
Private residential purchase conveyancing in Edenthorpe and also around the country
Severance of joint tenancies Staircasing i.e. buying extra shares of a property that has been purchased through a shared ownership scheme Switching mortgage providers representing landlords and seeking possession against tenants, licensees or squatters in and outside of Edenthorpe