The Hythe conveyancing firm handling our Hythe conveyancing has identified an inconsistency when comparing the surveyor’s assumptions in the home valuation report and what is in the conveyancing documents. My solicitor says that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s stance appropriate?
Your conveyancing practitioner 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.
I understand that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a property in Hythe? or Apparently there is historic law that could mean that homeowners living in a parish church boundary may be liable to pay for repairs towards the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Hythe?
Unless a prior acquisition of the premises took place after 12 October 2013 you could expect solicitors carrying out conveyancing in Hythe to continue to suggest a chancel search and or chancel repair liability insurance.
How does conveyancing in Hythe differ for new build properties?
Most buyers of new build property in Hythe approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Hythe tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hythe or who has acted in the same development.
I have been on the look out for a flat up to £195,000 and found one round the corner in Hythe I like with amenity areas and transport links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Hythe in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
Taking into account that I am about to part with 450k on a two bedroom apartment in Hythe I would like to have a conversation with the lawyer concerning theconveyancing in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you speaking to the solicitor due to be conducting your property ownership legalities in Hythe.There is no ‘factory style conveyancing’ - every client is an important person, not a case reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Hythe should be the amount on the final invoice that you end up paying.