The Littlehampton conveyancing firm handling our Littlehampton conveyancing has uncovered an inconsistency when comparing the information in the valuation report and what is in the conveyancing documents. My solicitor informs me that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach correct?
Your lawyer 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 you.
I am thinking of mortgaging my home in Littlehampton, does my lawyer need to be on the Principality Conveyancing panel?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Littlehampton I like with open areas and railway links nearby, however it only has 61 years on the lease. I can't really find anything else in Littlehampton for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan that many years will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Is it possible to swap firm as I have to appoint a firm on the Platform Home Loans Ltd conveyancing panel. I was using a local conveyancing solicitor in Littlehampton five minutes from me but she is not approved by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in Littlehampton on the Platform Home Loans Ltd panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Littlehampton. In utilising search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Littlehampton.
I've found a house that seems to tick a lot of boxes, at a great price which is making it more attractive. I have just discovered that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Littlehampton. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in Littlehampton are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Littlehampton in which case you should be shopping around for a Littlehampton conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’sconsent to conduct alterations. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is part of an estate. Your solicitor should advise you fully on all the issues.
Littlehampton Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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The best form of lease structure is a share of the freehold. In this situation the lessees benefit from being in charge if their destiny and even though a managing agent is usually retained if the building is bigger than a house conversion, the managing agent employed by the leaseholders. Best to be warned whether window replacement or some other major work is pending to be shared by the leasehold owners and may well dramatically impact the level of the service costs or result in a one time payment.
The conveyancers conducting our conveyancing in Littlehampton has sent documents to review that reveal that the property is unregistered with epitome documents. How can it be that the property not registred at HMLR?
Although the vast majorities of properties in Littlehampton are now registered with the Land Registry there are still a few that are unregistered. Any property in Littlehampton that has been remortgaged since the late 1980’s will have been registered at the Land Registry under the compulsory ‘first registration’ scheme. However, if a Littlehampton property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Littlehampton conveyancing solicitors will be familiar with such matters but if any uncertainty exists the usual recommendation nowadays is for the vendor’s solicitor to register it first and thereafter sell - this will predictably result in a drawn-out home move.