The Sedbergh conveyancing firm handling our Sedbergh conveyancing has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My lawyer informs me that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
Your property lawyer 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.
The deeds to our home are lost. The lawyers who dealt with the conveyancing in Sedbergh 5 years ago no longer exist. Will I be able to sell the house?
You no longer need to have the physical official documentation to evidence that you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
Just had an offer accepted on a new build flat in Sedbergh. 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 legal work.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Sedbergh
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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are surveyor prepared. 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.
How do I locate a Sedbergh law firm on the Virgin Money conveyancing panel? I have a car and am happy to travel upto 10kilometers to meet the conveyancer.
Feel free to make use of the search on this website. Please pick a bank and your location and you will see a number of Sedbergh conveyancing lawyers locally. We have detailed some Sedbergh conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the Virgin Money approved list
If all goes to plan we aim to complete the sale of our £275,000 apartment in Sedbergh next week. The management company has quoted £312 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Sedbergh?
Sedbergh conveyancing on leasehold maisonettes normally involves fees being invoiced by freeholders :
Completing pre-contract questions
Where consent is required before sale in Sedbergh
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I acquired a 1 bedroom flat in Sedbergh, conveyancing formalities finalised 10 years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Sedbergh with a long lease are worth £190,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease finishes on 21st October 2082
With only 61 years remaining on your lease we estimate the price of your lease extension to span between £19,000 and £22,000 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 provide a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
Much to my surprise my property lawyer in Sedbergh has requested from me identification documents stating that this is part of his obligations as a solicitor on the mortgage company Conveyancing panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require Sedbergh conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements