The Fulwood and Elston conveyancing firm handling our Fulwood and Elston conveyancing has identified a discrepancy between the surveyor’s assumptions in the valuation report and what is in the conveyancing documents. My lawyer informs me that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance correct?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
When does exchange of contracts happen for sale conveyancing in Fulwood and Elston and am I required to attend the lawyers branch?
Where you are round the corner to our conveyancing solicitors in Fulwood and Elston you are invited in to sign contracts. However, the law practices we recommend offer a nationwide conveyancing service and provide just as diligent and professional a job for you when communicating with you electronically. The signing of the property agreement is not the critical part. Signing on the dotted line is necessary for the conveyancer to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Fulwood and Elston)to be in the office at the appropriate time.
I have been told that property searches are a common cause of hinderance in Fulwood and Elston house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of holding up conveyancing in Fulwood and Elston.
I own a terraced Victorian house in Fulwood and Elston. Conveyancing lawyer acted for me and Bank of Scotland. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Fulwood and Elston and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing practitioner who conducted the purchase.
Is it possible to change conveyancer as I need to select one who is on the Virgin Money conveyancing list. I had appointed a high street conveyancing solicitor in Fulwood and Elston five minutes from me but she is not accepted by Virgin Money
It would be our pleasure to help you select a conveyancing solicitor in Fulwood and Elston on the Virgin Money panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Fulwood and Elston. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Fulwood and Elston.
I own a leasehold house in Fulwood and Elston. Conveyancing and Birmingham Midshires mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Fulwood and Elston who acted for me is not around. Do I pay?
First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Fulwood and Elston conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a studio flat in Fulwood and Elston, conveyancing was carried out in 2011. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Fulwood and Elston with an extended lease are worth £190,000. The ground rent is £65 levied per year. The lease comes to an end on 21st October 2086
With 61 years remaining on your lease we estimate the price of your lease extension to be between £18,100 and £20,800 plus costs.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.