Our lawyer has identified a a legal deficiency with the lease for the flat we are buying in Heacham. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancing practitioner says that he must check that the lender is happy with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your property lawyer will have no choice but to discontinue acting for you.
I am looking into buying my first house which is in Heacham and I am already nervous. I couldn't find anything specific about Heacham. Conveyancing will be needed in due course but do you know about the Heacham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Heacham. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my uncle I am selling a property in Monmouth but I am based in Heacham. My conveyancer (approximately 260 kilometers awayhas requested that I execute a statutory declaration before completion. Could you suggest a conveyancing lawyer in Heacham who can attest this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Heacham based
Having checked my lease I have discovered that there are only 68 years left on my lease in Heacham. I need to get lease extension but my landlord is absent. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to prove that you or your lawyers have made all reasonable attempts to track down the lessor. In some cases an enquiry agent would be useful to carry out a search and to produce an expert document which can be used as proof that the freeholder can not be located. It is advisable to get professional help from a conveyancer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court covering Heacham.
I own a garden flat in Heacham, conveyancing was carried out 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Heacham with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 yearly. The lease terminates on 21st October 2091
With 66 years unexpired we estimate the premium for your lease extension to range between £12,400 and £14,200 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
Been looking for a conveyancing practitioner for leasehold sale conveyancing in Heacham. We are selling, uncomplicated no mortgage to discharge, no hurry, no onward purchase. Received a quote from a lawyer for nine hundred pounds plus VAT which is a tad expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Heacham?
Considering it’s a sale only, £425 + VAT would be about the cheapest for sale conveyancing in Heacham.