The Hazlemere conveyancing firm handling our Hazlemere conveyancing has uncovered a discrepancy between the assumptions in the valuation survey and what is in the legal papers for the property. My solicitor says that he needs to check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance legitimate?
Your conveyancer 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 you.
Why do I have to pay up front for my conveyancing in Hazlemere?
Where you are retaining lawyers for conveyancing in Hazlemere your lawyer will ask you place them with funds to cover the the cost of the conveyancing searches. Ordinarily this is requested to cover the fees of the Local Authority Search. When the down payment is as part of the sale price then this should be needed shortly in advance of contracts are exchanged. Any further balance that is needed will be payable a few days prior to the completion date.
I am helping my sister sell her flat in Hazlemere. Does the solicitor commission an energy assessment or it is for the owner to see to?
Following the demise of Home Information Packs, EPC’s was left as a compulsory element of moving property. An EPC needs to be commissioned in advance of the property being marketed. It is not a task that solicitors ordinarily arrange. Where you are instructing a Hazlemere conveyancing solicitor they might help arrange energy assessments due to their relationships with long established local energy assessors
Please help - my lawyer advises that defective lease insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Hazlemere?
The appropriate level of defective lease indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and Leeds Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
How can we know in advance if a Hazlemere conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Hazlemere obtaining recommendations is a good 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 advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your transaction.
My relative suggested that where I am buying in Hazlemere I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Hazlemere conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Hazlemere around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hazlemere Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Hazlemere.
The estate agent has sent us the confirmation of our purchase of a new build flat in Hazlemere. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hazlemere
Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?