The Maryport conveyancing firm handling our Maryport conveyancing has identified a discrepancy when comparing the assumptions in the valuation report and what is revealed within the legal papers for the property. My lawyer has advised that he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action legitimate?
Your conveyancing practitioner 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.
Completed the sale of my flat in Maryport last November but the buyer keeps whats apping daily to moan that his conveyancer is waiting to hear from mine. What should have happened following completion?
Following your house sale your lawyer is obliged to forward the transfer documentation and all of the paperwork to the purchaser's lawyers. Where relevant, your lawyer must also evidence that the mortgage has been discharged to the purchasers solicitors. There are no post completion tasks unique to conveyancing in Maryport.
I am buying a garden flat in Maryport. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Maryport you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Maryport.
I'm refinancing my primary home to a buy to let mortgage with Santander and I will use the ballance of the raised equity towards further house. The location we are looking at is Maryport. Will your lawyers be able to act for both sets of mortgage companies and link together the transactions?
Make use of our search tool on this page to check that the lawyers are approved by both lenders. On the basis that they are the solicitor will be able to connect the two deals but you should have a chat with you conveyancer and communicate your expectations and needs.
Am I better off to instruct a Maryport conveyancing practitioner based in the area that I am hoping to buy? An old friend can execute the legal formalities but they are based over three hundred kilometers away.
The benefit of a high street Maryport conveyancing practice is that you can visit the firm to sign documents, deliver your ID and pester them if necessary. They will also have local intelligence which is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and they were happy that should trump using an unknown Maryport conveyancing lawyer solely due to them being Maryport based.
My wife and I purchased a leasehold house in Maryport. Conveyancing and Bank of Ireland mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Maryport who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Maryport conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. Rest assured 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 inherited a 1st floor flat in Maryport, conveyancing formalities finalised June 1999. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Maryport with a long lease are worth £202,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2081
With 56 years remaining on your lease the likely cost is going to be between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.