My Leighton Buzzard solicitor has discovered an inconsistency between the surveyor’s assumptions in the home valuation report and what is revealed within the legal papers for the property. My solicitor has advised that he is obliged to check that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?
Your solicitor must comply with the UK Finance Lenders’ Handbook requirements 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 planning to acquire a property and require a conveyancing solicitor in Leighton Buzzard who is on the HSBC conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Leighton Buzzard.
I am purchasing a semi-detached house in Leighton Buzzard. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Leighton Buzzard you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Leighton Buzzard.
Will our lawyer be raising enquiries about flooding as part of the conveyancing in Leighton Buzzard.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Leighton Buzzard. Some people will buy a house in Leighton Buzzard, fully aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, however there are a various checks that may be carried out by the buyer or on a buyer’s behalf which will give them a better appreciation of the risks in Leighton Buzzard. The standard completed inquiry forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the seller to discover whether the premises has suffered from flooding. In the event that flooding has previously occurred and is not notified by the owner, then a buyer may commence a compensation claim stemming from an incorrect answer. The buyer’s solicitors should also commission an enviro search. This should higlight if there is a recorded flood risk. If so, more detailed investigations will need to be made.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Leighton Buzzard is where the house is located. Is there any guidance you can impart?
Flying freeholds in Leighton Buzzard are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Leighton Buzzard you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leighton Buzzard may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What does commercial conveyancing in Leighton Buzzard cover?
Leighton Buzzard conveyancing for business premises incorporates a wide range of services, offered by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.