Our Wickersley conveyancer has uncovered a difference when comparing the information in the home valuation report and what is in the legal papers for the property. My solicitor has advised that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action legitimate?
Your property lawyer 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 you.
I am purchasing a new build flat in Wickersley. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Wickersley you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Wickersley.
I have justbecome aware that Stirling Law have been shut down. They conducted my conveyancing in Wickersley for a purchase of a leasehold flat 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wickersley conveyancing specialists.
I decided to have a survey completed on a house in Wickersley in advance of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies will not give a mortgage on a flying freehold home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wickersley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wickersley to see if the conveyancing will be more expensive.
I have recently realised that I have 62 years unexpired on my flat in Wickersley. I am keen to get lease extension but my landlord is can not be found. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to locate the landlord. For most situations an enquiry agent may be useful to carry out a search and prepare an expert document which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the application to the County Court covering Wickersley.
I bought a studio flat in Wickersley, conveyancing having been completed in 2001. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Wickersley with an extended lease are worth £180,000. The ground rent is £65 yearly. The lease comes to an end on 21st October 2084
With 59 years remaining on your lease we estimate the price of your lease extension to be between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
A couple of months ago I was informed by my lender that their panel conveyancers operate no completion no fee basis for conveyancing in Wickersley. I had a purchase fall through nevertheless the lawyers have invoiced for search fees! They say the fees are seperate!
By promising "no completion no fee" Wickersley conveyancing practices are waiving their fees for any work carried out. We must stress this is not to be regarded as an insurance scheme. you will still be expected to pay for any disbursements that the conveyancer has incurred for you for example Wickersley local authority checks