The Downham Market conveyancing firm handling our Downham Market conveyancing has identified a discrepancy between the assumptions in the valuation survey and what is in the legal papers for the property. My solicitor informs me that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?
Your conveyancer 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 you.
I have been told that property searches are the number one cause of delay in Downham Market house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Downham Market.
I am buying a new build apartment in Downham Market. Conveyancing is daunting 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 legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Downham Market
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. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
What is different about your site and other online quote calculators for conveyancing in Downham Market?
At this site secure an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Downham Market. As opposed to estate agents and many comparison sites we do not charge firms a commission if you instruct them for your property ownership legalities in Downham Market
Having had my offer accepted I require leasehold conveyancing in Downham Market. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and most are in Downham Market - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a ground floor flat in Downham Market, conveyancing was carried out 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Downham Market with over 90 years remaining are worth £179,000. The ground rent is £65 invoiced annually. The lease terminates on 21st October 2080
With 57 years remaining on your lease we estimate the price of your lease extension to range between £26,600 and £30,800 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
I am planning to acquire a house and need a conveyancing solicitor in Downham Market who is on the mortgage company conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who do conveyancing in Downham Market. We dont recommend any particular solicitor.