The Oadby conveyancing firm handling our Oadby conveyancing has identified a difference between the surveyor’s assumptions in the valuation report and what is revealed within the title deeds. My lawyer informs me that he needs to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach correct?
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.
We are downsizing from our house in Oadby and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street Oadby conveyancer would know that there is no such problem. It does beg the question why the buyers are using a nationwide conveyancing outfit rather than a conveyancing solicitor in Oadby. We have lived in Oadby for many years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You should 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 illness)
I used Stirling Law several years ago for my conveyancing in Oadby. I now require my papers but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Oadby of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Oadby differ for newly converted properties?
Most buyers of new build residence in Oadby contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Oadby tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Oadby or who has acted in the same development.
I opted to have a survey carried out on a house in Oadby in advance of retaining lawyers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some banks may not issue a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Oadby. Conveyancing will be smoother if you use a solicitor in Oadby especially if they are accustomed to such properties in Oadby.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Oadby and how can you help?
The particular law that you refer to affords protection to business leaseholders, granting the dueness to apply to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Oadby