My lawyer has identified a defect with the lease for the apartment we are purchasing in Baglan. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that he must ensure that the bank is content with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. The appropriate lender conditions must be adhered to.
Should our conveyancer be raising questions regarding flooding as part of the conveyancing in Baglan.
Flooding is a growing risk for solicitors specialising in conveyancing in Baglan. Some people will purchase a property in Baglan, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a various searches that may be undertaken by the purchaser or by their conveyancers which should give them a better appreciation of the risks in Baglan. The standard property information forms sent to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to determine if the property has historically flooded. If the property has been flooded in past which is not revealed by the seller, then a purchaser could issue a compensation claim as a result of such an incorrect reply. A purchaser’s lawyers may also carry out an environmental report. This should indicate whether there is any known flood risk. If so, more detailed investigations will need to be carried out.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who handled the conveyancing in Baglan 5 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to have the physical deeds to establish that you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Baglan differ for new build properties?
Most buyers of new build property in Baglan come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Baglan tend to acquire the land, 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 used to new build conveyancing in Baglan or who has acted in the same development.
Is it simple use your search tool to get a fee calculation from a conveyancing practitioner in Baglan on the approved list for my bank?
Step one is to select a mortgage company such as Barclays , Bank of Scotland or Aldermore then choose your preferred area e.g. Baglan. Conveyancing firms in Baglan and further afield should be identified.
I need to instruct a conveyancing lawyer in Baglan for my home move. Is it possible to check a solicitor's record with the profession’s regulator?
Anyone can review documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training purposes.