The Walton on the Naze conveyancing firm handling our Walton on the Naze conveyancing has discovered an inconsistency when comparing the surveyor’s assumptions in the valuation report and what is in the conveyancing documents. My solicitor informs me that he is duty bound to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance right?

Your conveyancing practitioner 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.

About to purchase a new build flat in Walton on the Naze. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Walton on the Naze

There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

Is it simple use the search tool to locate a conveyancing lawyer in Walton on the Naze on the panel for my lender?

Step one is to select a bank such as Nationwide Building Society, Norwich and Peterborough Building Society or Bank of Ireland then choose your location e.g. Walton on the Naze. Conveyancing organisations in Walton on the Naze and beyond should be listed.

I've found a house that seems to be perfect, at a reasonable figure which is making it all the more appealing. I have subsequently found out that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Walton on the Naze. Conveyancing lawyers have not yet been instructed. Will they explain the issues?

The majority of houses in Walton on the Naze are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Walton on the Naze in which case you should be looking for a Walton on the Naze conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’spermission to carry out alterations. It may be necessary to pay a contribution towards the upkeep of the communal areas where the house is located on an estate. Your solicitor should advise you fully on all the issues.

Walton on the Naze Leasehold Conveyancing - Sample of Questions you should consider before buying

Make sure you investigate if there is anything that is prohibited in the lease. For example it is fairly common in Walton on the Naze leases that pets are not permitted in certain buildings in Walton on the Naze. If you love the propertyin Walton on the Naze yet your cat is not allowed to live with you then you will be presented with a difficult compromise. The answer will be important as a) areas can cause problems for the building as the communal areas may start to deteriorate where maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will need to have full disclosure What restrictions are contained in the Walton on the Naze Lease?

My husband and I intend to purchase our 1st house in Walton on the Naze. Conveyancing solicitor has been instructed. The broker pointed out that a survey is not necessary as the property is just 17 years old.

You would be well advised to take a Home Buyer's Report. Given the property is over ten years old the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report may be sufficient. The report should highlight any apparent problems and suggest additional investigation if appropriate. Where there are any indications of material issues obtain a full structural survey.