My West Haddon conveyancer has discovered a discrepancy between the assumptions in the home valuation survey and what is in the title deeds. My lawyer has advised that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach correct?
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.
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who handled the conveyancing in West Haddon 4 years ago have long since closed. Will I be able to sell the house?
Assuming the title is registered the information relating to your proprietorship will be recorded by the Land Registry under a Title Number. It is possible to execute a search at the Land Registry, find your property and obtain up to date copies of the Registered Entries for a small fee. Where the property is Leasehold then the Land Registry will usually retain a certified copy of the Registered Lease and again, a copy can be retrieved for twenty pounds.
What tools are available to search for a West Haddon law firm on the Nationwide Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the search on this website. Please pick a mortgage company and your location and you will see a number of West Haddon conveyancing lawyers based on proximity. We have listed some West Haddon conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Nationwide Building Society approved list
We are a couple of weeks into a leasehold purchase having been directed to solicitors by the high street agent to execute conveyancing in West Haddon. I am am extremely disappointed with the level of service. Can you you assist me in finding new solicitors?
A lawyer would need to be very poor to suggest diss instructing them. Has the mortgage offer been sent? If so you will need to make them aware of the new contact details and ensure the loan are re-issued. Your solicitor ideally needs to be on the banks approved list to avoid escalating costs and delays. So that should be your first question of the new conveyancers. The find a solicitor tool can assist you in finding a lender approved solicitor for your home move in West Haddon
I am a negotiator for a reputable estate agency in West Haddon where we have witnessed a few leasehold sales put at risk due to short leases. I have received conflicting advice from local West Haddon conveyancing solicitors. Please can you clarify whether the owner of a flat can start the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in West Haddon - A selection of Questions you should consider Prior to buying
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Make sure you enquire if there is anything that is prohibited in the lease. For example it is very common in West Haddon leases that pets are not permitted in certain buildings in West Haddon. If you love the flatin West Haddon but your cat can’t make the move with you then you will be presented with a hard compromise. What prohibitions are there in the West Haddon Lease? Is there a share of the freehold?
We are midway through purchasing a house in West Haddon. Conveyancing lawyer has called to say the property is "Leasehold". Does this make a difference on our HSBC valuation?
West Haddon conveyancing does not in most situations involve leasehold houses. The main consideration here is the unexpired lease term and the ground rent. If there are over a hundred years remaining with a nominal rent, it's essentially freehold, so it’s unlikely to impact the marketability significantly.
At the other end of the spectrum, if it's, say, 50 years it will have a material impact on the value, and probably wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be specified in the lease which should be made available to your lawyer.