The Littleport conveyancing firm handling our Littleport conveyancing has spotted an inconsistency when comparing the surveyor’s assumptions in the valuation survey and what is revealed within the title deeds. My solicitor informs me that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance right?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions 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 both parties.
We hope to to buy with Norwich and Peterborough Building Society. We have called around locally yet am unable to find a Littleport conveyancing firm on the Norwich and Peterborough Building Society approved list. Could you help?
Feel free to make the most of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type Littleport or your preferred area and you will be presented with numerous solicitors based in Littleport or nearest you.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Littleport I like with a park and station in the vicinity, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Littleport suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
In my capacity as executor for the estate of my uncle I am selling a house in Swansea but live in Littleport. My solicitor (approximately 200 kilometers awayrequires that I sign a statutory declaration prior to completion. Can you recommend a conveyancing lawyer in Littleport to witness this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Littleport based
I've recently bought a leasehold property in Littleport. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Littleport Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
The prefered form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this situation the leaseholders enjoy being in charge if their destiny and notwithstanding that a managing agent is often employed where the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. This question is useful as a) areas can cause problems in the block as the communal areas may begin to deteriorate where maintenance remain unpaid b) if the leasehold owners have an issue with the managing agents you will need to know about it Are any of leasehold owners in dispute over their service charge liability?