My Haxby lawyer has uncovered a difference when comparing the assumptions in the home valuation report and what is in the legal papers for the property. My solicitor informs me 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 course or action right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
Can you explain why leasehold purchase conveyancing in Haxby costs more?
Haxby leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
We are close to exchanging contracts on the sale of our home in Haxby and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street Haxby conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a web based conveyancing practice as opposed to a conveyancing solicitor in Haxby. We have lived in Haxby for three years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing lawyer already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I have todaybecome aware that Arc property Solicitors have closed. They carried out my conveyancing in Haxby for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Haxby conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a property in Haxby ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some banks may not grant a mortgage on such a property.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Haxby. Conveyancing may be slightly more expensive based on your lender's requirements.
We're FTB’s - had an offer accepted, but the agent informed us that the vendor will only issue a contract if we instruct the agent's preferred solicitors as they need an ‘expedited deal’. We would rather use a local solicitor used to conveyancing in Haxby
We suspect that the owner is not behind this ultimatum. Should the owner want ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Bypass the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you will continue to instruct your preferred Haxby conveyancing lawyers - rather thanthe ones that will give the estate agent a commission or achieve conveyancing thresholds set by senior management.