My Aston lawyer has discovered a difference between the information in the valuation survey and what is revealed within the legal papers for the property. My lawyer says that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
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.
Our bank has suggested solicitors on their panel based in Aston but I would rather choose a conveyancing lawyer in Aston or nearer to where I live. Are you able to help?
The minority of Aston conveyancing firms are approved and listed on all lender’s conveyancing panel. Use the above search tool to identify a Aston conveyancing firm on the on the lender panel.
I have been told that property searches are a common cause of obstruction in Aston house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Aston.
As co-executor for the estate of my uncle I am disposing of a property in Neath but I am based in Aston. My solicitor (who is 200 miles from meneeds me to execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing lawyer in Aston who can witness this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Aston based
Having checked my lease I have discovered that there are only Seventy years unexpired on my lease in Aston. I now want to get lease extension but my freeholder is can not be found. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the lessor. On the whole an enquiry agent may be helpful to conduct investigations and prepare a report which can be accepted by the court as proof that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s disappearance and the application to the County Court covering Aston.
I invested in buying a 1st floor flat in Aston, conveyancing formalities finalised 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Aston with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease terminates on 21st October 2087
You have 66 years remaining on your lease the likely cost is going to range between £11,400 and £13,200 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.