My Trowbridge Estate lawyer has uncovered a discrepancy when comparing the surveyor’s assumptions in the valuation survey and what is in the legal papers for the property. My solicitor informs me that he needs to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach right?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements 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.
Just acquired a semi-detached house in Trowbridge Estate , What is the estimated time for the Land Registry to record my ownership? My Trowbridge Estate conveyancing solicitor has been very slow, so I want to be sure that my name is recorded.
There is nothing unique about conveyancing in Trowbridge Estate registration formalities. Rather than based on location, timeframes can differ subject to the party submitting the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. At present roughly three quarters of such applications are completed within two weeks but occasionally there can be longer delays. Registration takes place after the buyer is living at the premises thus post completion formalities is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor should contact the land registry and explain the circumstances.
I decided to have a survey done on a house in Trowbridge Estate before appointing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some lenders tend not grant a mortgage on this type of house.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Trowbridge Estate. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Trowbridge Estate to see if the conveyancing will be more expensive.
I have just appointed agents to market my ground floor apartment in Trowbridge Estate. Conveyancing is yet to be initiated, however I have just had a yearly service charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as normal given that all ground rent and service payments will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a basement flat in Trowbridge Estate, conveyancing was carried out 8 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Trowbridge Estate with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease finishes on 21st October 2078
With just 53 years remaining on your lease we estimate the premium for your lease extension to range between £27,600 and £31,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
How do I find a Trowbridge Estate conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 15miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Trowbridge Estate and you will see a number of lawyer located nearest Trowbridge Estate. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.