My solicitor has discovered a a problem with the lease for the property we are purchasing in Little Burstead. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that he must be satisfied that the mortgage company is willing to move forward with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. 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 do I have to pay up front when it comes to conveyancing in Little Burstead?
Where you are retaining lawyers for conveyancing in Little Burstead your lawyer will ask you place them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the purchase price then this will be needed immediately before contracts are exchanged. The closing balance that is needed will be payable a couple of days ahead of the day of completion.
I have recentlydiscovered that Wolstenholmes have been shut down. They conducted my conveyancing in Little Burstead for a purchase of a leasehold flat 12 months ago. How can I check that the property is in my name in the name of the previous owner?
The quickest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Little Burstead conveyancing specialists.
My company is planning to lease a unit on the high street. Can you recommend lawyers offering no-move-no charges for non-domestic conveyancing in Little Burstead for under £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Little Burstead, including the sale and acquisition of businesses as well as simply premises. Whether you are looking to buy or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right firm. As for the costs these will vary based on the structure and complexity of the deal. Please provide us with your details or phone us so that we can furnish you with a detailed commercial conveyancing calculation.
What advice can you give us when it comes to finding a Little Burstead conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Little Burstead conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non Little Burstead conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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How familiar is the practice with lease extension legislation? What are the charges for lease extension work?
Little Burstead Leasehold Conveyancing - A selection of Queries before Purchasing
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Is there a share of the freehold? How many of the leaseholders are in arrears for their service charge payments?
Is planning permission needed to change a house into two appartments in Little Burstead? This has been carried out to a property next door to my home in Little Burstead and was ignorant of it happening until after the works were complete.
Planning Permission yes. Building Regulations yes.