Our Bakewell solicitor has discovered a difference between the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My solicitor has advised that he needs to check that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?
Your 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 both parties.
How does conveyancing in Bakewell differ for new build properties?
Most buyers of new build property in Bakewell contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Bakewell tend to purchase 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 property lawyers 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 Bakewell or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 affect my business premises in Bakewell and how can you help?
The particular law that you refer to gives security of tenure to business tenants, granting the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Bakewell is one of our many locations in which the firms we work with are based
I am thinking of appointing a conveyancing lawyer in Bakewell for my purchase. Is it possible to see a solicitor's complaints history with the legal regulator?
You may read presented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.
How much will conveyancing in Bakewell cost?
The amount you are levied for Bakewell conveyancing costs will vary dramatically from solicitor to solicitor. Given these differences it all the more necessary for you to find this out when you first instruct a lawyer. You should also consider asking three or four fee estimate.