My Filey solicitor has uncovered a difference between the information in the home valuation report and what is revealed within the title deeds. My lawyer has advised that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach legitimate?
Your property lawyer 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 are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would much rather use a specialised conveyancing solicitor in Filey?
Do check but the chances are that appoint one of their panel conveyancers if you take up the "fee-free" deal. Call the mortgage company to see if they offer you a monetary alternative. In the past a few lenders offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Filey.
I need some fast conveyancing in Filey as I am under pressure to exchange contracts inside one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are not taking a home loan you are at free not to do searches although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Filey the following are instances of issues that can be revealed and therefore affect future saleability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
Just had an offer accepted on a new build flat in Filey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Filey
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There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the advice of my in-laws I had a survey completed on a property in Filey prior to retaining lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Filey. Conveyancing may be slightly more expensive based on your lender's requirements.
My brother has encouraged me to instruct his lawyers for conveyancing in Filey. Should I use them?
There are no two ways about it the best way to select a conveyancing solicitor is to have recommendations from friends or relatives who have actually used the conveyancer you're considering.