The Saffron Walden conveyancing firm handling our Saffron Walden conveyancing has identified a discrepancy when comparing the assumptions in the valuation survey and what is revealed within the legal papers for the property. 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 correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications 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.
Are there restrictive covenants that are commonly identified as part of conveyancing in Saffron Walden?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Saffron Walden. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Just had an offer accepted on a new build apartment in Saffron Walden. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Saffron Walden
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan.
I decided to have a survey carried out on a property in Saffron Walden prior to appointing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders may not grant a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you e-mail us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Saffron Walden. Conveyancing will be smoother if you use a solicitor in Saffron Walden especially if they regularly deal with such properties in Saffron Walden.
Hoping to buy a property located in Saffron Walden and I am already nervous. I couldn't find anything specific about Saffron Walden. Conveyancing will be needed in due course but do you know about the Saffron Walden area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Saffron Walden. In the meantime here are some basic statistics that we found
My husband and I are new to the buying process - agreed a price, yet the property agent informed us that the owners will only go ahead if we appoint the agent's preferred conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a local conveyancer with experience of conveyancing in Saffron Walden
We suspect that the seller is unaware of this request. If they desire ‘a quick sale', turning down a genuine buyer is going to damage their objectives. Avoid the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you will continue to appoint your own,trusted Saffron Walden conveyancing lawyers - as opposed tothose that will provide their estate agent a introducer fee or meet his conveyancing thresholds pre-set by corporate headquarters.