My Manningtree solicitor has discovered a discrepancy when comparing the information in the home valuation report and what is revealed within the title deeds. My solicitor has advised that he is duty bound to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action right?
Your solicitor 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 both parties.
It is a dozen years since I bought my house in Manningtree. Conveyancing lawyers have now been instructed on the sale but I can't find the title deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be with your lender or they could be in the possession of the lawyers who oversaw the purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring current official copies of the land registers. The vast majority of conveyancing in Manningtree involves registered property but in the rare situation where your property is unregistered it is more of a problem but is not insurmountable.
I am planning to acquire a flat and require a conveyancing solicitor in Manningtree who is on the Godiva Mortgages Ltd approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as Manningtree. We dont recommend any particular firm.
I have justfound out that Action Conveyancing have been shut down. They carried out my conveyancing in Manningtree for a purchase of a leasehold flat 10 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The easiest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Manningtree conveyancing specialists.
Having checked my lease I have discovered that there are only 68 years left on my flat in Manningtree. I am keen to get lease extension but my freeholder is can not be found. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you have used your best endeavours to track down the landlord. On the whole an enquiry agent should be helpful to carry out a search and prepare a report to be used as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the application to the County Court overseeing Manningtree.
I bought a studio flat in Manningtree, conveyancing was carried out December 2004. Can you work out an approximate cost of a lease extension? Comparable properties in Manningtree with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease terminates on 21st October 2081
With just 62 years left to run the likely cost is going to be between £17,100 and £19,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.