Willretaining a Littleborough conveyancing solicitor make my purchase more efficient?
In the main conveyancing practitioners in your location will benefit from strong alliances with your local authority, which could help with the Littleborough conveyancing searches that your solicitor will inevitably need. It can only be a plus if they enjoy strong connections with the Land Registry in your area Littleborough, other lawyers in the location and Littleborough Estate Agents.
Our conveyancer has discovered a defect with the lease for the apartment we are purchasing in Littleborough. The other side have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner says that he must check that the lender is happy with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. The appropriate lender requirements must be adhered to.
I have been told that property searches are the main reason for obstruction in Littleborough conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Littleborough.
It has been 4 months since my purchase conveyancing in Littleborough concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 decided to have a survey done on a house in Littleborough ahead of instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some lenders will not grant a mortgage on such a property.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further via 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 Littleborough. Conveyancing may be slightly more expensive based on your lender's requirements.
How can the Landlord & Tenant Act 1954 affect my business offices in Littleborough and how can you help?
The particular law that you refer to provides protection to commercial tenants, giving them the legal entitlement to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Littleborough is one of our many areas of the UK in which our lawyers are located