The Chantry conveyancing firm handling our Chantry conveyancing has discovered an inconsistency between the information in the home valuation report and what is revealed within the conveyancing documents. My lawyer informs me that he must check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action correct?
Your solicitor 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.
Why is leasehold purchase conveyancing in Chantry is more expensive?
The conveyancing fees on a leasehold premises in Chantry is often more expensive as compared to a freehold acquisition or disposal. This is because there is an amount of extra time required in corresponding with the freeholder and managing agents to collate the information about whether the rent and service fee have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.
Various online forums that I have visited warn that are a common reason for hinderance in Chantry house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Chantry.
About to purchase a new build apartment in Chantry. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chantry
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I have been recommended by numerous property agents in Chantry to choose a property lawyer on your site. What’s the financial incentive for Estate Agents to market your lawyers over alternative conveyancing organisations?
We refuse to make any commission for pointing buyers and sellers to this site. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Am I best advised to instruct a Chantry conveyancing practitioner in close proximity to the house I am hoping to buy? I have an old university friend who can execute the legal work but they are based 200kilometers away.
The benefit of a high street Chantry conveyancing firm is that you can pop in to sign documents, hand in your ID and apply pressure on them where appropriate. Having local Chantry know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and the majority were content that must trump using an unknown Chantry conveyancing lawyer solely due to them being local.