The Ludlow conveyancing firm handling our Ludlow conveyancing has discovered a difference between the assumptions in the valuation survey and what is in the conveyancing documents. My lawyer says that he is duty bound to ensure that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications 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.
The deeds to our home are lost. The solicitors who dealt with the conveyancing in Ludlow 4 years ago have long since closed. What are my next steps?
Gone are the days when you need to hold title deeds to establish that you own the land or property, given that the Land Registry have everything they need in a digital format.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Ludlow I like with amenity areas and railway links in the vicinity, the downside is that it only has 49 years on the lease. There is not much else in Ludlow suitable, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan that many years may be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can request that they 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 lawyer about this matter.
I am selling my home. My former lawyers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Ludlow if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Ludlow. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
We are thinking of appointing a web based lawyer as opposed to a Ludlow conveyancing firm. Any advice?
There are advantages of being able to attend a local Ludlow conveyancing solicitor for example
- signing papers on short notice
- getting one on one explanations of things that you need help with
- the ability to raise concerns if matters go pear-shaped
When comparing fees, look out for hidden extras. The majority decent Ludlow high street solicitors give an all-inclusive figure. Many online companies seem to offer cheap prices, but have hidden 'extras' in the in the terms and conditions.