We went with a high street firm for our conveyancing in Upper Clapton last week. Reviewing the Terms I notewe are liable for costs even if the movefalls through. Would I be best advised to choose an on-line conveyancing brokerage who offer no move no charge conveyancing in Upper Clapton?
It is usually a trade off in that if "No Sale No Fee" is offered then the fee levels will generally be higher to neutralise the transactions that abort. Also remember that such schemes rarely protect you from disbursements such as Upper Clapton conveyancing search costs.
The Upper Clapton conveyancing firm handling our Upper Clapton conveyancing has spotted a difference when comparing the information in the home valuation report and what is revealed within the title deeds. My solicitor has advised that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance correct?
Your lawyer 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.
My wife and I are planning on selling our property in Upper Clapton and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Upper Clapton lawyer would know that there is no such problem. It does beg the question why the buyers are using a nationwide conveyancing firm rather than a conveyancing solicitor in Upper Clapton. Having lived in Upper Clapton for many years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, no chain conveyancing. Upper Clapton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Upper Clapton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Upper Clapton you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Upper Clapton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Having spent years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Upper Clapton. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Upper Clapton conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Upper Clapton residence is Flat 25, Stamford Hill Mansions Stamford Hill in April 2010. The Tribunal therefore determined that the premium to be paid by the lessee to the freeholder for the extension of the lease should be £28,984.00 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 59 years.
Are there frequently found defects that you see in leases for Upper Clapton properties?
There is nothing unique about leasehold conveyancing in Upper Clapton. Most leases are individual and drafting errors can sometimes mean that certain sections are wrong. The following missing provisions could result in a defective lease:
Clauses dealing with recovering service charges for expenditure on the building or common parts. Insurance obligations
A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Leeds Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to pull out.
Why am I unable to complete our conveyancing in Upper Clapton on Easter Monday?
Because on completion the funds will pass between the banks of the purchaser and owner’s conveyancing practitioner and at present this can only occur on a working day. It is not possible to complete on a weekend either.