The Halewood conveyancing firm handling our Halewood conveyancing has discovered an inconsistency when comparing the surveyor’s assumptions in the valuation report and what is in the legal papers for the property. My lawyer says that he is obliged to ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action right?
Your conveyancer 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 both parties.
I require quick conveyancing in Halewood as I am faced with a deadline to complete in less than one month. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you are at free not to have searches carried out although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Halewood the following are examples of what can appear and therefore impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
How does conveyancing in Halewood differ for newly converted properties?
Most buyers of new build property in Halewood come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Halewood usually purchase 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 conveyancing solicitors 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 accustomed to new build conveyancing in Halewood or who has acted in the same development.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Halewood I like with amenity areas and railway links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Halewood in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan that many years may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
In what way does the Landlord & Tenant Act 1954 impact my business premises in Halewood and how can you help?
The particular law that you refer to provides a safeguard to business tenants, giving them the right to apply to court for a new tenancy and remain in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Halewood is one of the hundreds of locations in which our lawyers are based
Are the Halewood conveyancing lawyers identified as being on the bank conveyancing panel, together with their details provided by the mortgage company?
Halewood firms and firms conducting conveyancing in Halewood themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the lender directly.