My Grays lawyer has identified a difference between the information in the home valuation survey and what is in the conveyancing documents. My lawyer informs me that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance legitimate?
Your conveyancer 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 both parties.
I have been recommended a conveyancing solicitor in Grays. I need to find out if they are accepted on the Leeds Building Society approved list of lawyers. Could you help?
You should e-mail the solicitor and enquire whether they can act for the bank. Alternatively you can get in touch with Leeds Building Society who may be able to confirm.
There is lots of here concerning conveyancing in Grays but can you isolate your top tip for selecting the right conveyancer in Grays
We would encourage you not to base your choice on the cheapest Grays conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I am the sole recipient of my late mum's estate and I have everything in my name alone, including the house in Grays. Conveyancing formalities meant that the Land Registry date was in January. I want to move. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership may be regarded the same way as though I had purchased the property in January. Do I have to wait 6 months to sell?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How sensible a view mortgage companies take of it, depend on the lender as this obligation chiefly exists to pick up on subsales or the quick reselling of properties.
How can we tell if a Grays conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Grays seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your conveyancing.
How do I use the search tool to choose a conveyancing lawyer in Grays on the panel for my lender?
1st pick a lender such as HSBC Bank, Virgin Money or Alliance & Leicester then specify your location for instance Grays. Conveyancing organisations in Grays and further afield will then be shown.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Grays. I have chance upon a web site which appears to be the ideal answer If it is possible to get all formalities completed via web that would be ideal. Do I need to be wary? What should out be looking out for?
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?
Expecting to sign contracts shortly on a ground floor flat in Grays. Conveyancing solicitors have said that they are sending me a report within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Grays should include some of the following:
-
Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Does the lease require carpeting throughout thus preventing wood flooring? The length of the lease term. You should be advised as what happens when the lease ends, and informed of the importance of not letting the lease term falling below eighty years if lease has a provision for a reserve fund? You would want to receive a copy of the lease
I am the leaseholder of a basement flat in Grays. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
You certainly can. We are happy to put you in touch with a Grays conveyancing firm who can help.
An example of a Lease Extension decision for a Grays residence is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case affected 13 flats. The unexpired lease term was 76 years.