The Thornhill conveyancing firm handling our Thornhill conveyancing has discovered an inconsistency when comparing the surveyor’s assumptions in the home valuation survey and what is in the title deeds. My solicitor informs me that he is duty bound to check that the lender is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need this when buying a residence in Thornhill? or Apparently there is historic law that means some house owners residing in a parish church boundary will be compelled to contribute towards maintenance towards the chancel in proximity to the church. Is this suitable for conveyancing in Thornhill?
Unless a previous acquisition of the premises completed post 12 October 2013 you may expect conveyancing practitioners carrying out conveyancing in Thornhill to remain recommending a chancel search and or insurance against a claim.
4 months have elapsed since my purchase conveyancing in Thornhill took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Thornhill differ for new build properties?
Most buyers of new build property in Thornhill approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Thornhill typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Thornhill or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 affect my commercial offices in Thornhill and how can you help?
The 1954 Act provides protection to commercial tenants, giving them the legal entitlement to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Thornhill
Can you provide any advice for leasehold conveyancing in Thornhill from the point of view of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Thornhill can be reduced where you appoint lawyers as soon as you market your property and request that they start to collate the leasehold information which will be required by the buyers’ conveyancers. Many landlords or managing agents in Thornhill levy fees for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management information sought on or before finding a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Thornhill. You may think that you are aware of the number of years left on your lease but it would be advisable double-check via your lawyers. A purchaser's conveyancer will be unlikely to recommend their client to to exchange contracts if the lease term is under 80 years. In the circumstances it is important at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. If you have carried out any alterations to the residence would they have required Landlord’s permission? In particular have you installed wooden flooring? Thornhill leases often stipulate that internal structural changes or installing wooden flooring require a licence from the Landlord acquiescing to such works. If you dont have the consents in place you should not contact the landlord without checking with your solicitor in advance. If you hold a share in a the Management Company, you should make sure that you are holding the original share certificate. Arranging a re-issued share certificate can be a time consuming process and frustrates many a Thornhill home move. Where a reissued share is needed, you should approach the company officers or managing agents (where applicable) for this sooner rather than later.
Leasehold Conveyancing in Thornhill - A selection of Questions you should ask Prior to Purchasing
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It would be wise to discover as much as you can concerning the managing agents as they can either make your life much simpler or problematic. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the common parts. Enquire of prospective neighbours what they think of them. On a final note, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and precisely what it includes. How long is the Lease? Please tell me if there are any major works in the near future that will likely increase the maintenance fees?