My Lees conveyancer has discovered a discrepancy between the assumptions in the valuation report and what is revealed within the legal papers for the property. My lawyer informs me that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance appropriate?
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.
My relative recommended that where I am purchasing in Lees I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Lees conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Lees around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Lees Education with plans and statistics, Local Amenities and other useful data regarding Lees.
I used Wolstenholmes several years ago for my conveyancing in Lees. I now require my file but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Lees of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the guidance of my in-laws I had a survey completed on a property in Lees prior to retaining lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders may not issue a mortgage on this type of property.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lees. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lees to see if the conveyancing will be more expensive.
In sourcing the world wide web for the phrase on line conveyancing in Lees it shows results of numerous solicitorsin the area. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The best way of seeking the right conveyancer is through a personal recommendation, so ask colleagues and relatives who have bought a property in Lees or the reputable estate agent or financial adviser. Fees for conveyancing in Lees differ, so it's sensible to secure at least four fee calculations from different conveyancers. Make sure that you clarify that the fees are fixed.
I am on look out for some leasehold conveyancing in Lees. Before diving in I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and most are in Lees - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Lees Leasehold Conveyancing - A selection of Queries Prior to buying
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If a Lees lease has less than eighty years it will have adverse implications on the value of the flat. Check with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will probably have to extend the lease sooner rather than later and it is worth discovering how much this would cost. For most Leeslease extensions you will need to own the residence for two years before you are legally able to extend the lease. Is there a share of the freehold? This question is useful as a) areas may result in problems in the block as the common areas may begin to deteriorate if repairs are not paid for b) if the leaseholders have a dispute with the managing agents you will wish to have all the details