My Wavertree lawyer has spotted a difference when comparing the assumptions in the valuation survey and what is revealed within the conveyancing documents. My solicitor informs me that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s approach right?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications 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 you.
Is there a search tool that I can utilise to find out if the solicitor carrying out my conveyancing in Wavertree is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays thus paying £175.00 in supplemental conveyancing charges.
Please do take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the lender and type ‘Wavertree’ or your preferred area and you will see a number of lawyer based in Wavertree or near you.
We are close to exchanging contracts on the sale of our house in Wavertree and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A local lawyer would know this is not the case. For the life of me I don't know why the purchasers used an online conveyancing firm as opposed to a conveyancing solicitor in Wavertree. Having lived in Wavertree for many years we know that this is a non issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? 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 ailment)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Wavertree. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Wavertree
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared. 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.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Wavertree I like with a park and station in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in Wavertree suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
How much experience do your Wavertree conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Wavertree conveyancing lawyers help thousands of buyers move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Wavertree conveyancers have worked on recent similar matters.