Our Oadby lawyer has uncovered a discrepancy when comparing the information in the home valuation report and what is revealed within the legal papers for the property. My solicitor has advised that he must ensure that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance right?
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 wife and I are selling our house in Oadby and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the purchasers are using an internet conveyancing practice as opposed to a conveyancing solicitor in Oadby. We have lived in Oadby for 4 years we know that this is a non issue. Do we contact our local Authority to seek clarification need.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You need to 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 life insurance to cover that same illness)
I used Stirling Law several years ago for my conveyancing in Oadby. I now require my papers however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 retained, 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 premises in Oadby approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Oadby tend to acquire the site, 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 property lawyers 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 accustomed to new build conveyancing in Oadby or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Oadby in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies may refuse to give a loan on such a premises.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Oadby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Oadby to see if the conveyancing costs will increase in light of this.
How does the Landlord & Tenant Act 1954 impact my business premises in Oadby and how can you help?
The 1954 Act provides security of tenure to business lessees, giving them the a statutory right to make a request to court for a renewal tenancy and remain in occupation 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. Oadby is one of the numerous locations in which the firms we work with are based