The Danescourt conveyancing firm handling our Danescourt conveyancing has spotted an inconsistency between the surveyor’s assumptions in the home valuation report and what is in the title deeds. My lawyer informs me that he needs to check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance right?
Your conveyancer 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 you.
Have just purchased a repossessed house at auction in Danescourt. Conveyancing is necessary. What happens now?
Having exchanged you now have to find a conveyancing practitioner as a matter of urgency as you are facing a pending deadline in which to complete the deal. All auction property will ordinarily have a bespoke legal pack. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the conveyancing pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
My uncle advised me that in purchasing a property in Danescourt there may be a number of restrictions prohibiting external alterations to the property. Is this right?
We are aware of a number of properties in Danescourt which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Danescourt should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to mortgage companies such as Coventry BS, do Danescourt conveyancers face a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
4 months have gone by following my purchase conveyancing in Danescourt concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £305k and identified one close by in Danescourt I like with a park and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Danescourt suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
How difficult is it to switch firm as I need to instruct one who is on the Britannia conveyancing list. I was using a high street conveyancing solicitor in Danescourt five minutes from me but he is not accepted by Britannia
It would be our pleasure to help you select a conveyancing solicitor in Danescourt on the Britannia panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Danescourt. Using search facility on this page, you can scrutinise costs for conveyancing solicitors in Danescourt and beyond.