My Burwash solicitor has spotted an inconsistency between the surveyor’s assumptions in the home valuation survey and what is revealed within the conveyancing documents. My lawyer says that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action correct?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications 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.
Can you explain why leasehold purchase conveyancing in Burwash costs more?
Burwash leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Despite weeks of looking the Title Certificate and documents to our home are lost. The lawyers who handled the conveyancing in Burwash 10 years ago have long since closed. What are my options?
Assuming the title is registered the information relating to your ownership will be retained by the Land Registry under a Title Number. It is easy to carry out a search at the Land Registry, locate your house and get current copies of the Registered Entries for a small fee. Where the property is Leasehold then the Land Registry will usually hold a certified duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
How does conveyancing in Burwash differ for new build properties?
Most buyers of new build property in Burwash approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because house builders in Burwash usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Burwash or who has acted in the same development.
Can you offer any advice when it comes to appointing a Burwash conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Burwash conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Burwash conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
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Can they put you in touch with clients in Burwash who can give a testimonial? What are the legal fees for lease extension conveyancing?
I own a leasehold flat in Burwash, conveyancing formalities finalised in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Burwash with over 90 years remaining are worth £165,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2103
With only 77 years unexpired the likely cost is going to be between £7,600 and £8,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you 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 additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
Are there any apps to help find a Burwash conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 20kilometers to attend the solicitor.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Burwash and you will see a number of lawyer located nearest Burwash. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.