Our Eaton Bray lawyer has identified a difference when comparing the information in the home valuation report and what is in the conveyancing documents. My solicitor has advised that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s approach 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.
I am buying a property and need a conveyancing solicitor in Eaton Bray who is on the Accord Mortgages Ltd conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Accord Mortgages Ltd in certain locations such as Eaton Bray. We dont recommend any particular firm.
Just had an offer accepted on a new build flat in Eaton Bray. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Eaton Bray
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I opted to have a survey done on a property in Eaton Bray before instructing lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some lenders will refuse to grant a loan on this type of house.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eaton Bray. Conveyancing will be smoother if you use a solicitor in Eaton Bray especially if they are accustomed to such properties in Eaton Bray.
Should I go with a Eaton Bray conveyancing solicitor who is local to the property I am purchasing? We have a good friend who can handle the legal formalities however his firm is located approximately 350kilometers away.
The benefit of a high street Eaton Bray conveyancing practice is that you can attend the office to execute documents, present your ID and pester them where appropriate. They will also have local insight which is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were happy that should outweigh using an unknown Eaton Bray conveyancing lawyer solely due to them being Eaton Bray based.
Developers have recommended to me a conveyancer and I've sought an estimate from them. It's nearly three hundred pounds cheaper than my preferred Eaton Bray solicitor. Should I use them?
Developers frequently have panels of lawyers who expedite matters and who know the builder's paperwork and conveyancer. As many developers offer an incentive to choose their approved conveyancing practitioner for this reason, any increased cost can be avoided and a developer will not suggest a conveyancing warehouse and run the risk of having the conveyancing delayed when they need an exchange inside a month. A counter-argument for not opting for the suggested conveyancer is that they may be reluctant to fight for your interests at the risk of alienating the housebuilder. If you worry that this may be the situation you should stick with your local Eaton Bray lawyer.