My solicitor has identified a defect with the lease for the flat we are purchasing in Barnes Cray. The other side have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must be satisfied that the bank is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions 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 mortgage company are the client. The appropriate lender specifications must be adhered to.
Having sold my house in Barnes Cray last January but our buyer keeps Skype messaging me complaining that his solicitor needs to hear from mine. What should have happened following completion?
Post completion of your disposal your lawyer should forward the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. If applicable, your lawyer should also send confirmation that the home loan has been paid off to the buyers conveyancers. There are no post completion procedures specific conveyancing in Barnes Cray.
we are a couple who decided to purchase a newly converted flat in Barnes Cray with a loan from Birmingham Midshires.We have a Barnes Cray conveyancing solicitor but Birmingham Midshires says she’s not on their "panel". It seems we are left with little choice but to instruct a Birmingham Midshires panel solicitor or retain our preferred solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan issued to you contains various provisions, a common one being that solicitors must be on the Birmingham Midshires conveyancing panel. in the past, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Birmingham Midshires
This question may be naive but I am new to the home moving as a 1st time buyer of a garden flat in Barnes Cray. Do I collect the keys to the premises on completion from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in Barnes Cray?
On the day of completion you do not need to attend the conveyancers office in Barnes Cray. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you should be called to pick up the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
I am purchasing a property in Barnes Cray. A rare aspect is that the roof has a solar panel. Skipton have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Skipton your lawyer must follow the formal instructions outlined in Part two of UK Finance Lenders’ Handbook for Skipton. The CML Handbook includes minimum provisions for solar panel roof-space leases, and lawyers are required to report to Skipton where a lease fails to meet these specifications. The conditions relate to the installation of panels on properties nationwide and is not restricted to Barnes Cray.
I'm at the point of viewing apartments in Barnes Cray and I am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Skipton.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are taking out a mortgage with Skipton, make sure you remember to check that your lawyer is on the Skipton conveyancing panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Barnes Cray?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Barnes Cray. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Barnes Cray differ for new build properties?
Most buyers of new build or newly converted property in Barnes Cray come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Barnes Cray usually purchase the site, 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 conveyancing solicitors 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 Barnes Cray or who has acted in the same development.