The Mountsorrel conveyancing firm handling our Mountsorrel conveyancing has spotted a discrepancy when comparing the information in the home valuation report and what is in the title deeds. My lawyer has advised that he needs to check that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s approach appropriate?
Your conveyancer 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.
We're in Mountsorrel, First time buyers buying with a mortgage (lender is TSB , and our lawyer is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I decided to have a survey done on a property in Mountsorrel before appointing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some lenders tend not issue a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Mountsorrel. Conveyancing may be slightly more expensive based on your lender's requirements.
My partner has urged me to appoint his conveyancing solicitors in Mountsorrel. Should I choose my own solicitor?
There are no two ways about it the ideal way to find a conveyancing practitioner is to get guidance from friends or family who have previously instructed the conveyancer you're contemplating using.
Back In 2003, I bought a leasehold house in Mountsorrel. Conveyancing and Halifax mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Mountsorrel who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Mountsorrel conveyancing solicitor 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 freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a garden flat in Mountsorrel, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Mountsorrel with an extended lease are worth £186,000. The ground rent is £55 charged once a year. The lease ceases on 21st October 2079
With only 53 years unexpired the likely cost is going to be between £27,600 and £31,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns 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 before getting professional advice.
I see that you have a search directory listing firms on the mortgage company conveyancing panel. Do Mountsorrel conveyancing companies pay you a referral fee if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Mountsorrel.