My conveyancer has identified a defect with the lease for the flat we are buying in Knaphill. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor has advised that he must check that the lender is happy with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. 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 note that you have a post code search directory listing solicitors on the Santander conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Knaphill?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Knaphill.
Are there restrictive covenants that are commonly picked up during conveyancing in Knaphill?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Knaphill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking to sell my property. My former solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Knaphill if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Knaphill. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Due to complete next month on a leasehold property in Knaphill. Conveyancing lawyers have said that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Knaphill should include some of the following:
Additions to the property What the implications are if you are in breach of your lease terms? Who has the liability to repair and maintain the main walls and foundations. It is essential for you to know which party is duty bound to repair and maintenance of every part of the building Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Repair and maintenance of the property
I invested in buying a 2 bed flat in Knaphill, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Knaphill with over 90 years remaining are worth £190,000. The ground rent is £45 invoiced annually. The lease ceases on 21st October 2081
You have 62 years unexpired we estimate the price of your lease extension to range between £17,100 and £19,800 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to 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.