Our Fairbourne solicitor has spotted a difference when comparing the surveyor’s assumptions in the home valuation report and what is in the conveyancing documents. My solicitor informs me that he must check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s approach legitimate?
Your conveyancer 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 you.
Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Fairbourne so that I can pop in to their offices when needed.
Nowadays conveyancing panel lawyers for mortgage companies conduct the vast majority of communications through the post, internet or over the phone. This enables them to conduct the conveyancing transaction no matter where you live in the country. However you should see if you can still book an appointment to visit conveyancing lawyer if needed.
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Fairbourne I like with amenity areas and railway links in the vicinity, however it only has 51 years on the lease. There is not much else in Fairbourne for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the shortness of the lease will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
How can the Landlord & Tenant Act 1954 affect my business property in Fairbourne and how can your lawyers assist?
The particular law that you refer to gives a safeguard to commercial leaseholders, giving them the dueness to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Fairbourne
Am I better off to choose a Fairbourne conveyancing practitioner based in the vicinity that I am hoping to buy? I have an old university friend who can conduct the conveyancing but her office is over three hundred kilometers away.
The primary upside of using a high street Fairbourne conveyancing firm is that you can pop in to execute documents, deliver your identification documents and apply pressure on them where appropriate. They will also have local knowledge which is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were impressed that should outweigh using an unfamiliar Fairbourne conveyancing lawyer just because they are round the corner.