The Looe conveyancing firm handling our Looe conveyancing has discovered an inconsistency between the information in the valuation survey and what is in the conveyancing documents. My lawyer has advised that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions 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 partner and I are intent on selling our house in Looe and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any local conveyancer would know this is not the case. For the life of me I don't know why the purchasers are using a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Looe. We have lived in Looe for three years we know of no issue. Do we contact our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
About to purchase a new build flat in Looe. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Looe
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There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Looe is the location of the property. Is there any guidance you can give?
Flying freeholds in Looe are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Looe you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Looe 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.
My company is intending to lease a unit on a shopping parade. Can you recommend conveyancers offering competitive charges for commercial conveyancing in Looe for less than 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Looe, including the sale and purchase of businesses as well as simply property. If you are hoping to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we will find you the right lawyer. As for the fees this will depend on the structure and terms of the proposed transaction. Let us have your details or phone us so that we may furnish you with comprehensive commercial conveyancing calculation.
Builders have put forward a property lawyer and I've sought an estimate from them. They are almost £300 cheaper than my local Looe property lawyer. What's the catch?
Developers frequently have panels of property lawyers who are quick and who know the seller’s paperwork and solicitor. Plenty of developers offer an inducement to use a preferred property lawyer for this reason, any increased charges can be avoided and a builder won't recommend a conveyancing warehouse and run the risk of having the transaction stall when they want exchange within a tight deadline. The argument for not agreeing to use the recommended conveyancing practitioner is that they may prove reluctant to 'push' your interests for fear of upsetting the housebuilder. Where you have concerns that this may be the case you should keep with your high street Looe conveyancing practitioner.