The Harleston conveyancing firm handling our Harleston conveyancing has identified a discrepancy between the information in the home valuation survey and what is in the legal papers for the property. My solicitor informs me that he is obliged to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance correct?
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 you.
Should conveyancers request money up-front for conveyancing in Harleston?
If you are buying a property in Harleston your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the purchase price then this should be required immediately prior to contracts are exchanged. The closing balance that is due should be transferred a few days prior to the completion date.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Harleston is where the house is located. Can you offer any opinion?
Flying freeholds in Harleston are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Harleston you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Harleston may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
All being well we will complete the disposal of our £200,000 garden flat in Harleston in 10 days. The freeholder has quoted £384 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Harleston?
Harleston conveyancing on leasehold apartments ordinarily necessitates fees being levied by management companies :
Addressing pre-contract questions
Where consent is required before sale in Harleston
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a garden flat in Harleston, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Harleston with a long lease are worth £170,000. The average or mid-range amount of ground rent is £50 yearly. The lease runs out on 21st October 2098
With just 79 years remaining on your lease we estimate the price of your lease extension to range between £7,600 and £8,800 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should 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.
My wife and I have recently appointed a conveyancing solicitor in Harleston. I I would like to check if they are on the bank's conveyancing panel. Can you advise?
You should contact your lawyer to check if they are on the lender's panel. If that does not help call us and we can make some checks for you. Should the firm not be on the lender panel we can certainly arrange a quality conveyancing solicitor in Harleston on the panel for your lender.