My Drybrook solicitor has uncovered a difference between the assumptions in the home valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that he is duty bound to ensure that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s stance legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications 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.
There is lots of information on this site regarding conveyancing in Drybrook but what is your top tip for appointing the right conveyancer in Drybrook
We would encourage you not to base your choice on the lowest Drybrook conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am helping my step-mother sell her flat in Drybrook. Does the conveyancer order an EPC or do I organise this?
After the abolition of Home Information Packs, energy assessments became a mandatory component of moving house. An energy performance certificate must be commissioned in advance of the property being advertised. This is not a task that law firms ordinarily organise. If you are using a Drybrook conveyancing solicitor they might be able to arrange energy assessments due to their relationships with reputable local energy assessors
My bid for a property was accepted at auction in Drybrook. Conveyancing is needed. What are my next steps?
Given that you have now legally committed yourself to purchase you must retain a conveyancing solicitor soon as you are facing a tight deadline in which to complete the conveyancing. An auction property will ordinarily have a corresponding auction pack. This will likely include most,if not all of the paperwork that your lawyer will need. If you have purchased leasehold property the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You should pass this on to the conveyancer instructed by you as soon as possible. Do make sure that your finances are organised to complete on the on the contractual date .
Are there restrictive covenants that are commonly picked up as part of conveyancing in Drybrook?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Drybrook. 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 am looking for a ground for flat up to £195,000 and identified one near me in Drybrook I like with open areas and station nearby, however it only has 52 years unexpired on the lease. There is not much else in Drybrook suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
How do I identify a Drybrook law firm on the Nottingham Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the conveyancer.
You can use the search on this website. Please pick a lender and your location and you will see a number of Drybrook conveyancing lawyers located nearest you. We have listed some Drybrook conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Nottingham Building Society member panel