Our conveyancer has identified a a legal deficiency with the lease for the flat we are buying in Ivybridge. The seller’s lawyers have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must check that the bank is content with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. The appropriate lender specifications have to be complied with.
Can your site be used to locate a Conveyancing solicitor in Ivybridge even if I’m not buying or disposing of a house, for instance where I want to acquire a shop in Ivybridge with a loan from Bank of Scotland?
Our search tool is primarily used to get a quote from residential conveyancing solicitors in Ivybridge but we have recorded towards the end of this page some Ivybridge commercial conveyancing firms. You will need to speak with the solicitors directly to check if they are also authorised to represent Bank of Scotland
Despite weeks of looking the Title Certificate and documents to our house can not be found. The conveyancers who did the conveyancing in Ivybridge 5 years ago no longer exist. What do I do?
In today’s world there are copies made of almost everything, and your conveyancer will be aware precisely where to look for all the suitable paperwork so you can purchase or dispose of your house without any difficulty. If copies are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Ivybridge is the location of the property. What do you suggest?
Flying freeholds in Ivybridge are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ivybridge you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ivybridge may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
In my capacity as executor for the estate of my grandmother I am disposing of a residence in Cardiff but I am based in Ivybridge. My solicitor (approximately 235 miles awayhas requested that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Ivybridge to attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Ivybridge based
What advice can you give us when it comes to finding a Ivybridge conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Ivybridge conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Ivybridge conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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Can they put you in touch with clients in Ivybridge who can give a testimonial? How experienced is the firm with lease extension legislation?
I own a ground floor flat in Ivybridge, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Ivybridge with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ends on 21st October 2102
You have 77 years remaining on your lease we estimate the price of your lease extension to be between £7,600 and £8,800 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.