We are soon to exchange on the purchase of a house in Skegness but as a consequence of damage from some water damage at the property I have was able negotiate compensation from the owner in the sum of £3k in the form of a adjustment in the price. I had intended this to be dealt with as part of amending the contract however UBS are not allowing this. Why were they approached?
Your solicitor being on the UBS conveyancing panel is required to disclose to UBS of any variations to the sale price. If you were to refuse your property lawyer to report the reduction to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new property lawyer for your conveyancing in Skegness.
I have been told that property searches are the main cause of obstruction in Skegness conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Skegness.
Are there restrictive covenants that are commonly identified as part of conveyancing in Skegness?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Skegness. 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…’
Due to the guidance of my in-laws I had a survey completed on a house in Skegness before instructing solicitors. I have been advised that there is a flying freehold element to the house. The surveyor advised that some lenders may not grant a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Skegness. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Skegness to see if the conveyancing will be more expensive.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Skegness and how can your lawyers assist?
The particular law that you refer to provides a safeguard to commercial tenants, giving them the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Skegness