My Southend On Sea lawyer has uncovered a difference when comparing the assumptions in the home valuation report and what is in the title deeds. My lawyer informs me that he needs to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance right?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions 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.
We are buying a property and need a conveyancing solicitor in Southend On Sea who is on the Bank of Ireland approved panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Southend On Sea.
A colleague recommended that where I am purchasing in Southend On Sea I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Southend On Sea conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Southend On Sea around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Southend On Sea Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Southend On Sea.
I have recentlybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Southend On Sea for a purchase of a freehold house 9 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest method to see if the premises is registered to you, you can make 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 Southend On Sea conveyancing specialists.
I am employed by a busy estate agent office in Southend On Sea where we have experienced a few flat sales derailed as a result of short leases. I have been given contradictory information from local Southend On Sea conveyancing solicitors. Please can you clarify whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Southend On Sea Leasehold Conveyancing - A selection of Queries Prior to Purchasing
If a Southend On Sea lease has fewer than eighty years it will have adverse implications on the salability of the apartment. It is worth checking with your mortgage company that they are content with the length of the lease. A short lease means that you will almost definitely require a lease extension sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you would be be obliged to have owned the property for a couple of years before you are entitled to extend the lease. Is there a share of the freehold?