Our Essex lawyer has identified a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is in the title deeds. My lawyer has advised that he must ensure that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook requirements 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.
My brother-in-law has suggested I instruct a conveyancing solicitor in Essex. I I would like to check whether they are on the The Mortgage Works conveyancing panel. Could you assist?
You should contact the conveyancer and enquire whether they can act for the bank. Alternatively you can call The Mortgage Works who may be able to assist.
Despite weeks of looking the Title Certificate and documents to my home are lost. The lawyers who conducted the conveyancing in Essex 4 years ago are no longer around. What are my options?
You no longer need to have the physical deeds to prove you own the land or property, as the Land Registry have everything they need in a digital format.
I am looking for a flat up to £245,000 and found one round the corner in Essex I like with a park and transport links nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Essex suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
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At this site get an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Essex. As opposed to estate agents and brokerage sites we do not charge firms a commission if you instruct them for your property ownership legalities in Essex