Our Histon conveyancer has identified a discrepancy when comparing the assumptions in the home valuation report and what is in the conveyancing documents. My lawyer informs me that he is obliged to ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s approach correct?
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 you.
We're in Histon, First time buyers purchasing with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I require fast conveyancing in Histon as I have pressure to exchange contracts within 4 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are not taking a home loan you have the choice not to have searches conducted although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Histon the following are examples of issues that can show up and therefore affect future saleability: Enforcement Notices, Outstanding Fees, Overdue Grants, Unadopted Roads,...
How does the Landlord & Tenant Act 1954 impact my business offices in Histon and how can you help?
The 1954 Act gives security of tenure to commercial lessees, giving them the a statutory right to apply to court for a renewal tenancy and continue in occupation at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Histon
Is planning consent required to convert a house into multiple flats in Histon? This has been carried out to a property opposite to my house in Histon and was not aware of the conversion until it was complete.
Planning Consent yes. Building Regulations yes.