The Fareham conveyancing firm handling our Fareham conveyancing has discovered a difference when comparing the assumptions in the valuation report and what is revealed within the title deeds. My solicitor says that he must check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach right?
Your property 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 both parties.
Despite weeks of looking the Title Certificate and documents to our property are lost. The lawyers who handled the conveyancing in Fareham 10 years ago have long since closed. What are my next steps?
In today’s world there are duplicates made of almost everything, and your conveyancer should know precisely where to find all the suitable documentation so you can buy or dispose of your house without a hitch. Where duplicates can’t be found, your conveyancer can arrange cover in the form of insurance or indemnities against possible claims on the property.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Fareham. Conveyancing is a frightening process 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.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Fareham
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants.
I need to find a conveyancing solicitor for my conveyancing in Fareham. I have discover a site which looks to be the ideal solution If there is a chance to get all formalities completed via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you offer any advice when it comes to appointing a Fareham conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Fareham conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Fareham conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
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If the firm is not ALEP accredited then why not? How familiar is the practice with lease extension legislation?
Fareham Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
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Is anyone aware of any major works on the horizon that could add a premium to the maintenance fees? It would be prudent to find out if there is anything that is prohibited in the lease. By way of example some leases prohibit pets being permitted in certain buildings in Fareham. If you love the propertyin Fareham however your dog can’t live with you then you will be presented with a difficult determination.
My wife and I have AIP from Platform Home Loans Ltd who said we could borrow up to £218k. At what point do we need to instruct a solicitor for conveyancing? Fareham is where we are purchasing.
It would be wise to instruct a solicitor now so that the property lawyer can open the file so they can conduct their ID checks etc. If and when you wish them to commence work you will be asked for a deposit normally approximately £200. That would normally be after you have the mortgage offer and survey report, however if you wish to expedite the process you can start sooner even though you may be risking some money.