I am expecting a offer of a home loan from Santander. I hope to employ the services of a Licensed Conveyancer in Beccles. Does the Santander Conveyancing panel include conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our conveyancer has uncovered a a problem with the lease for the apartment we are purchasing in Beccles. The seller’s lawyers have offered defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor has advised that he must be satisfied that the bank is happy with this solution. Who is the client here, us or the lender?
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 requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the bank are the client. The appropriate lender provisions have to be complied with.
We see that you have a post code search directory identifying firms on the RBS conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Beccles?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Beccles.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Beccles. Conveyancing is daunting 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 selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Beccles
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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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Due to the encouragement of my in-laws I had a survey completed on a property in Beccles prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some lenders may not give a loan on this type of home.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Beccles. Conveyancing will be smoother if you use a solicitor in Beccles especially if they are familiar with such properties in Beccles.
My partner has encouraged me to appoint his conveyancers in Beccles. Do I take his advice?
Much as we are happy to recommend a Beccles conveyancing lawyer the best way to find a conveyancing practitioner is to get guidance from friends or relatives who have actually used the firm that you are contemplating using.