The Theale conveyancing firm handling our Theale conveyancing has discovered a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is in the title deeds. My solicitor has advised that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my conveyancer’s course or action appropriate?
Your conveyancer 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.
Having sold my house in Theale last December but our buyer keeps texting every few hours complaining that her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
After completion of your sale your solicitor should send the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also evidence that the mortgage has been redeemed to the buyers solicitors. There are no post completion steps peculiar conveyancing in Theale.
We are selling our home in Theale. Does my solicitor need to be required to be on the UBS conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
How simple is it to swap conveyancer as I need to select a firm on the Coventry Building Society conveyancing list. I was using a local conveyancing solicitor in Theale round the corner but he is not approved by Coventry Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Theale on the Coventry Building Society panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Theale. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Theale.
Are there frequently found problems that you encounter in leases for Theale properties?
Leasehold conveyancing in Theale is not unique. All leases are drafted differently and drafting errors can sometimes mean that certain clauses are wrong. The following missing provisions could result in a defective lease:
Clauses dealing with recovering service charges for expenditure on the building or common parts.
You could have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Chelsea Building Society, and Britannia all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the purchaser to withdraw.
Leasehold Conveyancing in Theale - Examples of Questions you should consider before Purchasing
Best to be warned if changing the roof or some other significant cost is due in the near future that will be shared amongst the leaseholders and may well materially impact the level of the service fees or result in a specific invoice. Who manages the block? The prefered form of lease structure is a share of the freehold. In this situation the tenants enjoy being in charge if their destiny and notwithstanding that a managing agent is often retained if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves.