My Salcombe solicitor has uncovered a discrepancy between the surveyor’s assumptions in the home valuation report and what is in the title deeds. My solicitor informs me that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s course or action correct?
Your solicitor 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.
Is there a reason why leasehold purchase conveyancing in Salcombe costs more?
Salcombe leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I have justdiscovered that Stirling Law have closed. They carried out my conveyancing in Salcombe for a purchase of a leasehold flat 12 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Salcombe conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a property in Salcombe prior to instructing lawyers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will refuse to give a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Salcombe. Conveyancing will be smoother if you use a solicitor in Salcombe especially if they are accustomed to such properties in Salcombe.
What does commercial conveyancing in Salcombe cover?
Non domestic conveyancing in Salcombe covers a wide array of services, provided by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.