The Yeadon conveyancing firm handling our Yeadon conveyancing has identified a discrepancy between the assumptions in the home valuation report and what is in the title deeds. My lawyer says that he is obliged to ensure that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action appropriate?
Your property 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 both parties.
How does conveyancing in Yeadon differ for new build properties?
Most buyers of new build premises in Yeadon contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because builders in Yeadon typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Yeadon or who has acted in the same development.
Are there any apps to help identify a Yeadon law firm on the TSB conveyancing panel? I have a car and am happy to travel upto 20miles to meet the solicitor.
You can use the facility on this website. Please choose the mortgage company and your location and you will see a number of Yeadon conveyancing lawyers based on proximity. We have detailed some Yeadon conveyancing firms towards the end of this page and you can ring them to verify whether they are on the TSB panel
I own a leasehold house in Yeadon. Conveyancing and Platform Home Loans Ltd mortgage are in place. A letter has just been received from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Yeadon who acted for me is not around. Any advice?
First contact HMLR to be sure that this person is in fact the new freeholder. You do not need to instruct a Yeadon conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a 2 bed flat in Yeadon, conveyancing was carried out 7 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Yeadon with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease runs out on 21st October 2085
With 60 years remaining on your lease we estimate the premium for your lease extension to range between £20,000 and £23,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
What could I expect to pay for conveyancing in Yeadon?
The amount you are charged for Yeadon conveyancing charges may differ considerably from solicitor to solicitor. This makes it is particularly critical for you to have a full summary of charges before you choose a lawyer. It is advisable to find three or four quotes.