I was informed yesterday by my mortgage adviser that my Wanborough property lawyer is not on the bank Conveyancing panel. What can I do to be sure if this is correct?
Your first step should be to call your Wanborough conveyancer. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they may be able to suggest a Wanborough conveyancing practice that is on the conveyancing panel for your lender.
The Wanborough conveyancing firm handling our Wanborough conveyancing has uncovered a difference between the information in the valuation survey and what is revealed within the conveyancing documents. My solicitor has advised that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance legitimate?
Your solicitor 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 both parties.
About to purchase a new build flat in Wanborough. 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 conveyancing.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Wanborough
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I am looking into buying my first house which is in Wanborough and I am already nervous. I couldn't find anything specific about Wanborough. Conveyancing will be needed in due course but do you know about the Wanborough area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Wanborough. In the meantime here are some basic statistics that we found
Can you offer any advice when it comes to choosing a Wanborough conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Wanborough conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Wanborough conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
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How experienced is the firm with lease extension legislation? What are the legal fees for lease extension work?
I purchased a leasehold flat in Wanborough, conveyancing formalities finalised 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Wanborough with over 90 years remaining are worth £180,000. The ground rent is £65 per annum. The lease comes to an end on 21st October 2084
With only 59 years remaining on your lease the likely cost is going to span between £20,900 and £24,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.