The Osidge conveyancing firm handling our Osidge conveyancing has uncovered an inconsistency when comparing the surveyor’s assumptions in the home valuation report and what is in the title deeds. My lawyer says that he is obliged to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s course or action correct?
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 both parties.
It is is a decade since I purchased my home in Osidge. Conveyancing lawyers have now been appointed on the sale but I am unable to locate my deeds. Is this a problem?
You need not be too concerned. First there is a chance that the deeds will be kept by the lender or they could be archived with the conveyancers who handled your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring up to date copy of the land registers. The vast majority of conveyancing in Osidge relates to registered property but in the unlikely event that your property is not registered it is more problematic but is not insurmountable.
I require quick conveyancing in Osidge as I am under an ultimatum to sign on the dotted line within 2 weeks. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free buyer you are at free not to have searches carried out although no solicitor would suggest that you don't. With plenty of history conveyancing in Osidge the following are instances of what can appear and therefore affect future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
I am buying my first flat in Osidge with a loan from Lloyds TSB Bank. The developers would not reduce the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not to tell my conveyancer about this extras as it could put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have recently realised that I have Sixty One years left on my flat in Osidge. I need to extend my lease but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you have made all reasonable attempts to track down the lessor. For most situations an enquiry agent would be useful to carry out a search and prepare a report which can be accepted by the court as proof that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to proving the landlord’s absence and the application to the County Court overseeing Osidge.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Osidge. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a Osidge conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Osidge property is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case was in relation to 2 flats. The unexpired lease term was 70.31 years.