Our Rainham solicitor has uncovered a discrepancy between the information in the valuation report and what is revealed within the conveyancing documents. My solicitor informs me that he is duty bound to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s approach appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions 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.
At what point will exchange of contracts occur in sale conveyancing in Rainham and am I required to attend the solicitors branch?
Where you are near to our conveyancing solicitors in Rainham you are invited in to sign the paperwork. That being said, the firms we work with offer a nationwide conveyancing service and give as equally diligent and professional a job for you when dealing with you electronically. The signing of the contract is not the point of no return. Signing on the dotted line is just a prerequisite for the firm to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Rainham)to be in the office at the appropriate time.
I am buying a new build flat in Rainham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Rainham
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
My business partner and I are looking to lease a unit on a shopping parade. Can you recommend solicitors offering fixed charges for non-domestic conveyancing in Rainham for under 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Rainham, including the sale and acquisition of businesses as well as simply property. Whether you are intending to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. Regarding the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your contact information or call so as to enable us to supply you with a fixed commercial conveyancing quote.
I am on look out for some leasehold conveyancing in Rainham. Before diving in I require certainty as to the unexpired term of the lease.
If the lease is registered - and almost all are in Rainham - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Notwithstanding our best endeavours, we have been unsuccessful in trying to purchase the freehold in Rainham. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We are happy to put you in touch with a Rainham conveyancing firm who can help.
An example of a Lease Extension case for a Rainham premises is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case affected 1 flat. The unexpired term as at the valuation date was 57.5 years.
I dont have enough spare money to pay a 10% deposit on my flat purchase in Rainham , but I am keen exchange. What can I do?
You can agree a smaller deposit. Many property owners will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute