The Kidderminster conveyancing firm handling our Kidderminster conveyancing has spotted a difference when comparing the assumptions in the valuation survey and what is in the title deeds. My lawyer says that he must check that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s course or action legitimate?
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 you.
Why is leasehold purchase conveyancing in Kidderminster costs more?
Kidderminster leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
four months have gone by following my purchase conveyancing in Kidderminster took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Kidderminster. Conveyancing is daunting 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 conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Kidderminster
-
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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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 Kidderminster in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend not issue a mortgage on this type of property.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you e-mail us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kidderminster. Conveyancing may be slightly more expensive based on your lender's requirements.
We're first time buyers - agreed a price, but the property agent informed us that the vendor will only proceed if we use their recommended conveyancers as they want a ‘quick sale’. We would rather use a family solicitor used to conveyancing in Kidderminster
We suspect that the seller is not behind this ultimatum. If they want ‘a quick sale', alienating a motivated purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)however you are going to instruct your own,trusted Kidderminster conveyancing lawyers - rather thanthose that will earn the estate agent a introducer fee or hit his conveyancing thresholds pre-set by corporate headquarters.