Our Trowbridge Estate lawyer has spotted a discrepancy when comparing the assumptions in the valuation survey and what is revealed within the legal papers for the property. My solicitor informs me that he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach appropriate?
Your solicitor 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 both parties.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Trowbridge Estate?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Trowbridge Estate. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Trowbridge Estate is where the house is located. Can you offer any assistance?
Flying freeholds in Trowbridge Estate are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Trowbridge Estate you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Trowbridge Estate may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What does commercial conveyancing in Trowbridge Estate cover?
Trowbridge Estate conveyancing for business premises incorporates a wide range of guidance, given by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I need to find a conveyancing solicitor for sale conveyancing in Trowbridge Estate. I happened to chance upon a site which appears to be the ideal answer If there is a chance to get all this stuff done via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?