The Abingdon conveyancing firm handling our Abingdon conveyancing has spotted a difference between the surveyor’s assumptions in the home valuation report and what is in the title deeds. My lawyer says that he needs to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s course or action correct?
Your property 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 you.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Abingdon?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Abingdon. 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…’
Due to the input of my in-laws I had a survey completed on a house in Abingdon in advance of appointing lawyers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks tend not grant a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Abingdon. Conveyancing will be smoother if you use a solicitor in Abingdon especially if they regularly deal with such properties in Abingdon.
What does commercial conveyancing in Abingdon cover?
Non domestic conveyancing in Abingdon incorporates a broad range of services, offered by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
When it comes to my conveyancing in Abingdon should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Abingdon conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.