My Chadwell St Mary conveyancer has spotted an inconsistency between the surveyor’s assumptions in the valuation survey and what is in the conveyancing documents. My lawyer informs me that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?
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.
Can your site be used to recommend a Conveyancing solicitor in Chadwell St Mary even if I’m not buying or disposing of a house, for example if I wish to buy an office in Chadwell St Mary with a loan from Nationwide Building Society?
Our search tool is primarily there to select domestic conveyancing solicitors in Chadwell St Mary but we have set out towards the end of this page a selection of Chadwell St Mary commercial conveyancing firms. You will need to make contact with the solicitors directly to check if they can also act for Nationwide Building Society
Just had an offer accepted on a new build flat in Chadwell St Mary. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Chadwell St Mary
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I opted to have a survey carried out on a house in Chadwell St Mary before retaining solicitors. I have been advised that there is a flying freehold element to the house. The surveyor advised that some mortgage companies will refuse to issue a mortgage on this type of property.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chadwell St Mary. Conveyancing may be slightly more expensive based on your lender's requirements.
What makes your site different to other online quote calculators when it comes to conveyancing in Chadwell St Mary?
At this site get a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Chadwell St Mary. As opposed to estate agents and many comparison sites we do not operate referral arrangements with solicitors. Many agents and online brokers 'recommend' the firm that pays the most kickback, not the best value conveyancing in Chadwell St Mary