Our conveyancer has identified a a legal deficiency with the lease for the property we are buying in Parson Cross. The other side have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our conveyancer has advised that he must ensure that the mortgage company is happy with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions have to be complied with.
My partner and I are selling our property in Parson Cross and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A high street Parson Cross lawyer would know that there is no such problem. It does beg the question why the buyers instructed an internet conveyancing outfit as opposed to a conveyancing solicitor in Parson Cross. We have lived in Parson Cross for three years we know of no issue. Should we get in touch with our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Just had an offer accepted on a new build apartment in Parson Cross. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Parson Cross
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Is there anything unique about your site and other online quote calculators when it comes to conveyancing in Parson Cross?
At this site secure an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Parson Cross. As opposed to estate agents and brokerage sites we do not operate kick-back arrangements with solicitors. Some agents and online brokers 'recommend' the firm that pays the most kickback, as opposed to the best value conveyancing in Parson Cross
What are your top tips when it comes to choosing a Parson Cross conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Parson Cross conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non Parson Cross conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
If the firm is not ALEP accredited then why not? What volume of lease extensions has the firm conducted in Parson Cross in the last year?
Parson Cross Leasehold Conveyancing - A selection of Questions you should ask before Purchasing
How long is the Lease? This question is useful as a) areas can result in problems for the block as the common areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have an issue with the managing agents you will need to know about it How much is the service charge and ground rent on the apartment?