The Repton conveyancing firm handling our Repton conveyancing has discovered an inconsistency when comparing the assumptions in the valuation survey and what is in the conveyancing documents. My lawyer says that he is obliged to check that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s approach right?

Your 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.

Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial land in Repton?

Many commercial conveyancing solicitors in Repton will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Repton. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Repton.

For each commercial conveyancing transaction in Repton it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Repton commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Repton.

Are there restrictive covenants that are commonly identified during conveyancing in Repton?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Repton. 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…’

My husband and I are first time buyers - agreed a price, yet the estate agent advised that the seller will only move forward if we appoint their chosen lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Repton

It is highly unlikely the vendors are driving this. Should the owner desire ‘a quick sale', alienating a serious buyer is going to damage their objectives. Try to communicate with the vendors directly and make sure they comprehend that (a)you are serious purchasers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Repton conveyancing firm - not the ones that will provide their estate agent a commission or achieve conveyancing figures pre-set by senior management.

What are the common deficiencies that you witness in leases for Repton properties?

There is nothing unique about leasehold conveyancing in Repton. Most leases are drafted differently and drafting errors can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:

A duty to insure the building Service charge per centages that don't add up correctly leaving a shortfall

A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Bank of Scotland, and Barclays Direct all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to withdraw.

Leasehold Conveyancing in Repton - A selection of Queries before Purchasing

How is the lease structured? How long is the Lease? The majority of Repton leasehold properties will have a service charge for the upkeep of the block set by the landlord. If you buy the flat you will have to meet this charge, normally quarterly during the year. This can vary from a few hundred pounds to thousands of pounds for buildings with lifts and large common areas. There will also be a ground rent to be met yearly, ordinarily this is not a large figure, say approximately £25-£75 but you should to enquire it because occasionally it can be many hundreds of pounds.