Our Linslade lawyer has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My lawyer says that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance correct?
Your lawyer 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.
Is there a reason why leasehold purchase conveyancing in Linslade is more expensive?
In summary, leasehold conveyancing in Linslade and Bedfordshire usually warrants extra work compared to freehold conveyancing. This includes lease investigation, liaising with the landlord about the service of required notices, procuring up-to-date service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.
I am buying a new build flat in Linslade. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Linslade
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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? Please supply a car parking plan.
My business partner and I are looking to lease a unit on a shopping parade. Can you recommend lawyers offering competitive costs for commercial conveyancing in Linslade for less than £1,200?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Linslade, including the disposal and acquisition of businesses as well as simply premises. If you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right lawyer. Regarding the charges these will vary based on the structure and complexity of the deal. Please provide us with your contact information or phone us so that we can furnish you with a fixed commercial conveyancing quote.
My husband and I are novice buyers - had an offer accepted, but the selling agent told us that the seller will only move forward if we use the agent's recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a family solicitor who is familiar with conveyancing in Linslade
It is unlikely the vendors are behind this. Should the owner want ‘a quick sale', taking such a hostile approach to a serious purchaser is likely to cause more damage than good. Avoid the agents and go straight to the owners and explain that (a)you are motivated buyers (b)you are ready to progress, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you will continue to use your own,trusted Linslade conveyancing firm - rather thanthe ones that will provide the estate agent a commission or meet his conveyancing figures set by head office.