My Corfe Mullen lawyer has identified a discrepancy when comparing the surveyor’s assumptions in the valuation survey and what is in the legal papers for the property. My lawyer says that he needs to check that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach right?
Your conveyancing practitioner 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 both parties.
We are buying a flat and need a conveyancing solicitor in Corfe Mullen who is on the Aldermore solicitor panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Corfe Mullen.
It has been three months since my purchase conveyancing in Corfe Mullen took place. I have checked the Land Registry site 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.
What does commercial conveyancing in Corfe Mullen cover?
Commercial conveyancing in Corfe Mullen incorporates a broad range of guidance, provided by qualified solicitors, relating to business property. By way of example, this area 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.
Can you provide any advice for leasehold conveyancing in Corfe Mullen with the purpose of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Corfe Mullen can be bypassed where you get in touch lawyers the minute your agents start advertising the property and request that they start to put together the leasehold documentation needed by the buyers’ solicitors. If you have had conflict with your landlord or managing agents it is essential that these are settled prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a property where a dispute is unsettled. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to present the dispute as over as opposed to unresolved. You may think that you are aware of the number of years left on your lease but it would be wise to verify this via your lawyers. A purchaser's lawyer will not be happy to advise their client to to exchange contracts if the lease term is less than 75 years. It is therefore essential at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. A minority of Corfe Mullen leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should place the estate agents on notice to make sure that the purchasers obtain bank and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
I invested in buying a split level flat in Corfe Mullen, conveyancing having been completed 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Corfe Mullen with an extended lease are worth £165,000. The ground rent is £50 per annum. The lease terminates on 21st October 2101
With only 77 years unexpired the likely cost is going to span between £7,600 and £8,800 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered 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 getting professional advice.
My aunt purchased her house in Corfe Mullen in 2008. She has got married, divorced and in recent months got married again. She wishes to market the house in a couple of months. I suspect that she will simply be requested to supply copies of the marriage papers to the conveyancer however she is anxious it will frustrate the sale of the property. Is it worth updating the Land Registry details for the house?
The is no need to bring up to date the title for the property as long as you have the evidence required to demonstrate how the change of name resulted.
Any buyer’s conveyancer should review the registered information and need evidence to prove the change of name for instance marriage certificates.