My Ditchling conveyancer has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation survey and what is revealed within the conveyancing documents. My solicitor says that he needs to ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?
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 both parties.
I am about to put an offer on a leasehold apartment in Ditchling. The estate agents advise that it is standard for flats in Ditchling to have less than 75 years left on the lease. I am taking out a loan with Bank of Ireland. Is this going to be acceptable if the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/1/2022 the requirements read as follows :
I am helping my aunt sell her house in Ditchling. Will the conveyancer order an EPC or it is for me to see to?
Following the abolition of Home Information Packs, EPC’s became a required element of selling a property. An energy performance certificate must be commissioned before the property is placed on the market. This is not a task that solicitors normally arrange. Where you are using a Ditchling conveyancing lawyer they might help arrange energy performance certificates due to their relationships with reputable Ditchling energy assessors
Forgive me if this question is silly but I am wet behind the ears as a first time buyer of a two bedroom flat in Ditchling. Do I pick up the keys to the property on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Ditchling?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you will be able to collect the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
Can I be sure that the Ditchling conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Ditchling getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor handling your transaction.
How difficult is it to swap solicitor as I have to find one who is on the Alliance & Leicester conveyancing list. I was using a family conveyancing solicitor in Ditchling round the corner but the firm is not approved by Alliance & Leicester
It would be our pleasure to help you find a conveyancing solicitor in Ditchling on the Alliance & Leicester panel. Please note that the property lawyers that we on the directory do not pay us fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Ditchling. Using search facility on this page, you can scrutinise costs for conveyancing solicitors in Ditchling and beyond.
There are only 68 years remaining on my flat in Ditchling. I now wish to get lease extension but my landlord is absent. What are my options?
If you meet the appropriate requirements, 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 extended by the Court. You will be obliged to prove that you have made all reasonable attempts to track down the freeholder. On the whole an enquiry agent may be useful to try and locate and to produce a report to be used as evidence that the landlord can not be located. It is advisable to get professional help from a solicitor both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Ditchling.
I own a basement flat in Ditchling, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Ditchling with an extended lease are worth £185,000. The ground rent is £65 per annum. The lease runs out on 21st October 2082
With just 60 years unexpired we estimate the premium for your lease extension to be between £20,000 and £23,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.