Our Surrey solicitor has uncovered an inconsistency when comparing the assumptions in the home valuation survey and what is in the title deeds. My solicitor informs me that he must check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance legitimate?
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 both parties.
Finally the sale completed on my house in Surrey last February yet the purchaser is Skype messaging every few hours to moan that her conveyancer is waiting to hear from mine. What should have happened now that I have sold?
After completion of your sale your conveyancer is duty bound to send the transfer documentation and all supplemental paperwork to the buyer’s solicitors. If applicable, your lawyer should also send confirmation that the mortgage has been discharged to the purchasers solicitors. There are no post completion procedures just for conveyancing in Surrey.
Just had an offer accepted on a new build flat in Surrey. Conveyancing is daunting 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.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Surrey
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. 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. 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.
Due to the advice of my in-laws I had a survey completed on a house in Surrey ahead of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements for example to Halifax. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Surrey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Surrey to see if the conveyancing will be more expensive.
My husband and I are a couple of weeks into a leasehold purchase having been directed to a firm by the estate agent to execute conveyancing in Surrey. I am am very dissatisfied with the quality of service. Could you help me find new lawyers?
They would have to be very bad in order to consider replacing them. Has the mortgage offer been sent? If so you will need to advise them of the new contact details and have the loan are issued to the new lawyers. The solicitor ideally should be on the mortgage company panel to avoid supplemental fees and complications. That should be your first question of the new lawyers. The search tool will assist you in finding a bank approved solicitor for your home move in Surrey
At last I have had an offer on an maisonette in Surrey agreed to, but there is a chain. The current proprietors have offered on a flat, although it’s not yet tied up, and are looking at other properties in the pipeline. I have instructed a nearby conveyancing lawyer in Surrey. What do I do now? At what point should I apply for the mortgage with Principality?
It is understandable to have anxieties where there is a chain given your reluctance to incur costs too early (mortgage application is approx one thousand pounds, then survey, Surrey conveyancing search costs, etc). First, you must check that your lawyer is on the Principality approved list. Concerning the subsequent steps this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. In a rising market some home buyers will apply for the mortgage with Principality and pay for the valuation and only if it comes back ok would they pay their property lawyer to proceed with the conveyancing in Surrey.