The Norfolk Broads conveyancing firm handling our Norfolk Broads conveyancing has spotted a difference when comparing the information in the valuation report and what is revealed within the conveyancing documents. My solicitor informs me that he is obliged to check that the bank is OK 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 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.
I purchased a freehold property in Norfolk Broads but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Norfolk Broads and has limited impact for conveyancing in Norfolk Broads but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Is there a search tool that I can utilise to discover of the solicitor carrying out my conveyancing in Norfolk Broads is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus paying £175.00 in further conveyancing invoice.
You should make use of the find a conveyancing panel solicitor tool on this web page. Pick the lender and type ‘Norfolk Broads’ or your preferred area and you will discover a number of lawyer based in Norfolk Broads or by proximity to you.
How can the Landlord & Tenant Act 1954 affect my business property in Norfolk Broads and how can your lawyers assist?
The particular law that you refer to affords protection to commercial lessees, granting the dueness to make a request to court for a new lease and remain in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Norfolk Broads
How up-to-date is your search tool for the lender conveyancing panel in Norfolk Broads? Do the lenders send you an updated list?
Norfolk Broads law firm practices and firms conducting conveyancing in Norfolk Broads themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the mortgage company directly.