The Market Weighton conveyancing firm handling our Market Weighton conveyancing has discovered a discrepancy between the information in the home valuation report and what is in the title deeds. My solicitor says that he is duty bound to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s course or action appropriate?
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.
I am purchasing a house and the solicitor has identified Chancel Repair to which the house could be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in Market Weighton
Unless a prior acquisition of the house completed post 12 October 2013 you may take it that lawyers handling conveyancing in Market Weighton to remain recommending a chancel search and or chancel repair liability insurance.
My father has encouraged me to appoint his conveyancers in Market Weighton. Should I use them?
Much as we are happy to recommend a Market Weighton conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to get guidance from friends or relatives who have experience in using the solicitor you're considering.
I am looking at a couple of flats in Market Weighton which have approximately forty five years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Market Weighton. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and results in it becoming more expensive to acquire a lease extension. For this reason it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you get professional help from a conveyancer and surveyor with experience in this arena.
I invested in buying a basement flat in Market Weighton, conveyancing formalities finalised in 2011. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Market Weighton with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2089
With only 70 years left to run the likely cost is going to be between £9,500 and £11,000 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
How does one remove a departed person's name from the title register for a property in Market Weighton?
If a Market Weighton property is jointly owned and one of the owners dies, their name will not automatically be removed from the title deeds. You are not required to remove their name as when it comes to a sale you would simply be required to supply proof why the co proprietor is not a party to the contract, such as a grant of probate.
With a view to making the sale conveyancing simpler in the future you may arrange to have the deceased party removed from the title by applying to the land registry with evidence of the death. There is no land registry fee payable.