Our lawyer has uncovered a a legal deficiency with the lease for the flat we are purchasing in Shillington. The other side have suggested title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must check that the mortgage company is willing to move forward with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the lender are the client. The appropriate lender specifications have to be complied with.
We are purchasing a house and the lawyer has referenced Chancel Repair to which the property may be liable as it falls into the area of such a church. He has mentioned insurance. Is this strictly warranted for conveyancing in Shillington
Unless a prior acquisition of the premises took place after 12 October 2013 you could take it that lawyers handling conveyancing in Shillington to remain recommending a chancel search and or insurance against a claim.
It has been five months following my purchase conveyancing in Shillington completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build flat in Shillington. Conveyancing is daunting 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 conveyancing.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Shillington
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Shillington I like with amenity areas and railway links in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Shillington suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may 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 existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
My husband and I are a fortnight into a freehold purchase having been referred to solicitors by the high street agent to do our conveyancing in Shillington. We are not happy. Can you help me find new conveyancers?
A conveyancer would need to be very bad to suggest replacing them. Has the mortgage been sent? If so you must advise them of the new lawyer and have the mortgage documents are re-issued. Your new solicitor ideally should be on the banks panel to avoid escalating fees and frustration. So that should be your starting point. The search tool should help you find a bank approved lawyer for your home move in Shillington