The Sevenoaks conveyancing firm handling our Sevenoaks conveyancing has spotted a discrepancy when comparing the assumptions in the home valuation report and what is revealed within the conveyancing documents. My lawyer has advised that he must ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action legitimate?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
Is it necessary to take out insurance to address the risk of chancel repairs when purchasing a residence in Sevenoaks?
Unless a prior acquisition of the property took place post 12 October 2013 you could assume that solicitors carrying out conveyancing in Sevenoaks to remain recommending a chancel search and or chancel repair liability policy.
My company is planning to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no costs for commercial conveyancing in Sevenoaks for less than 1500k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Sevenoaks, including the disposal and acquisition of businesses as well as simply premises. Whether you are intending to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. Regarding the charges these will vary based on the structure and terms of the deal. Please provide us with your contact information or phone so as to enable us to provide you with a fixed commercial conveyancing calculation.
I am thinking of appointing a conveyancing solicitor in Sevenoaks for my home move. Is there any facility to review a solicitor's record with the legal regulator?
Anyone can search for documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training purposes.
I am on look out for some leasehold conveyancing in Sevenoaks. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Sevenoaks - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a garden flat in Sevenoaks, conveyancing formalities finalised February 2007. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Sevenoaks with over 90 years remaining are worth £206,000. The ground rent is £45 yearly. The lease terminates on 21st October 2091
With 66 years unexpired we estimate the premium for your lease extension to span between £11,400 and £13,200 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
As a leasehold owner I am on the hook for a service charge for my ground floor flat in Sevenoaks. Due to losing my job and personal issues I slipped behind with remittance. The managing agents agreed a payment schedule but there is still three thousand pounds outstanding at the current time.
I now wish to sell and I am concerned this can jeopardize the sale if I have to discharge the arrears now. I'd like to sell up and then repay the debt from the proceeds - is this achievable?
Do speak with the lawyer conducting your Sevenoaks conveyancing but it may be possible to agree for the outstanding amount to be attributed to the buyers. The final price they pay would be reduced to reflect the amount of debt they assume. They could then discharge the outstanding monies once they are the owners.