Is there a search tool that I can utilise to find out if the solicitor carrying out my conveyancing in Lakenham is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus paying £192.00 in further conveyancing charges.
Please do take advantage of the find a lender approved solicitor tool on this page. Pick the lender and type ‘Lakenham’ or your location and you will discover a number of lawyer offices in Lakenham or near you.
Will our conveyancer be making enquiries concerning flooding during the conveyancing in Lakenham.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Lakenham. Plenty of people will acquire a property in Lakenham, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not best placed to impart advice on flood risk, but there are a number of searches that may be initiated by the purchaser or by their conveyancers which should give them a better appreciation of the risks in Lakenham. The standard information sent to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the owner to determine whether the property has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the seller, then a purchaser may bring a compensation claim stemming from an misleading reply. A buyer’s lawyers should also conduct an environmental report. This will reveal if there is a recorded flood risk. If so, additional inquiries should be carried out.
Are there restrictive covenants that are commonly identified during conveyancing in Lakenham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Lakenham. 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…’
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Lakenham is the location of the property. What do you suggest?
Flying freeholds in Lakenham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lakenham you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lakenham may decide 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.
What does commercial conveyancing in Lakenham cover?
Commercial conveyancing in Lakenham covers a broad array of advice, offered by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.