My Woodbury conveyancer has identified a difference between the assumptions in the valuation report and what is in the title deeds. My solicitor informs me that he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance correct?
Your property 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 you.
We see that you have a post code search directory identifying law firms on the Kent Reliance conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Woodbury?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Woodbury.
The Woodbury conveyancing firm that I appointed last week on my purchase in Woodbury have suddenly closed. I chose them because I had to have a firm on the UBS conveyancing panel and my previous Woodbury lawyer was not. I cut them a cheque for £250 in advance. What should be my next steps?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the UBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
Is it necessary to take out insurance to address the risk of chancel repairs when acquiring a residence in Woodbury?
Unless a prior purchase of the premises completed after 12 October 2013 you can take it that conveyancing practitioners handling conveyancing in Woodbury to remain recommending a chancel search and or chancel repair liability insurance.
What does commercial conveyancing in Woodbury cover?
Commercial conveyancing in Woodbury incorporates a broad range of services, offered by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
We expect to complete our sale of a £450,000 maisonette in Woodbury in just under a week. The freeholder has quoted £300 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Woodbury?
For the majority of leasehold sales in Woodbury conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Addressing pre-contract questions
Where consent is required before sale in Woodbury
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I acquired a split level flat in Woodbury, conveyancing was carried out February 2004. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Woodbury with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease expires on 21st October 2105
With just 80 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.