My Chobham solicitor has spotted a difference between the information in the valuation survey and what is in the legal papers for the property. My lawyer has advised that he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s stance right?
Your conveyancing practitioner 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.
We note that you have a search directory listing solicitors on the Leeds Building Society conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Chobham?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chobham.
Will our lawyer be making enquiries about flooding as part of the conveyancing in Chobham.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in Chobham. There are those who purchase a property in Chobham, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, but there are a various checks that can be carried out by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in Chobham. The standard completed inquiry forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the seller to find out if the premises has suffered from flooding. In the event that the property has been flooded in past and is not disclosed by the seller, then a buyer could commence a claim for damages resulting from an inaccurate reply. A buyer’s solicitors should also conduct an enviro search. This should higlight if there is any known flood risk. If so, further inquiries should be conducted.
I used Action Conveyancing several years past for my conveyancing in Chobham. Now, I need my documents but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Chobham of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Is there anything unique about your site and other online quote calculators for conveyancing in Chobham?
At this site secure an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Chobham. Unlike many estate agents and many comparison sites we do not have kick-back arrangements with solicitors. Many agents and online brokers 'recommend' solicitors paying the most per referral, not the best value conveyancing in Chobham
What makes a Chobham lease unmortgageable?
Leasehold conveyancing in Chobham is not unique. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:
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Repairing obligations to or maintain elements of the property Clauses dealing with recovering service charges for expenditure on the building or common parts.
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Virgin Money, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, obliging the buyer to pull out.
I inherited a basement flat in Chobham, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Chobham with over 90 years remaining are worth £216,000. The ground rent is £50 invoiced every year. The lease finishes on 21st October 2095
With 69 years left to run the likely cost is going to range between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.