The Fenstanton conveyancing firm handling our Fenstanton conveyancing has identified a difference between the surveyor’s assumptions in the valuation report and what is in the title deeds. My solicitor informs me that he needs to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook conditions 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.
Are the BSA planning on creating a searchable register to list law firms on the Earl Shilton BS conveyancing panel for instance in Fenstanton?
We are not aware of any plans on the part of the BSA to promote such a search facility.
I need some fast conveyancing in Fenstanton as I am under an ultimatum to sign on the dotted line in less than 2 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are not taking a home loan you are at liberty not to do searches although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Fenstanton the following are examples of what can be revealed and therefore affect future mortgageability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
Are there restrictive covenants that are commonly identified as part of conveyancing in Fenstanton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Fenstanton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Fenstanton differ for new build properties?
Most buyers of new build premises in Fenstanton approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Fenstanton usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Fenstanton or who has acted in the same development.
I own a leasehold house in Fenstanton. Conveyancing and Alliance & Leicester mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Fenstanton who previously acted has long since retired. Do I pay?
The first thing you should do is make enquiries of HMLR to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. There is no need to instruct a Fenstanton conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Fenstanton Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing
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How many of the leaseholders are in arrears for their service charge payments? What prohibitions are contained in the Fenstanton Lease?