Our Pickering solicitor has discovered a discrepancy when comparing the surveyor’s assumptions in the valuation survey and what is revealed within the title deeds. My solicitor says that he is obliged to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions 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.
I am purchasing a new build flat in Pickering. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Pickering you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Pickering.
Are there restrictive covenants that are commonly picked up during conveyancing in Pickering?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Pickering. 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…’
How does conveyancing in Pickering differ for newly converted properties?
Most buyers of new build premises in Pickering come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Pickering typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Pickering or who has acted in the same development.
How can the Landlord & Tenant Act 1954 impact my commercial property in Pickering and how can your lawyers assist?
The particular law that you refer to affords protection to commercial lessees, giving them the right to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Pickering