My conveyancer has discovered a a legal deficiency with the lease for the flat we are buying in Bermondsey. The other side have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the lender is happy with this solution. Are we the client or is the lender?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. The appropriate lender provisions must be adhered to.
We are looking to buy a property and require a conveyancing solicitor in Bermondsey who is on the Santander approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Bermondsey.
I am purchasing a house and the solicitor has referenced Chancel Repair for which the house may be liable because it falls into the area of such a church. He has recommended insurance. Is this strictly warranted for conveyancing in Bermondsey
Unless a previous acquisition of the property completed after 12 October 2013 you could take it that solicitors handling conveyancing in Bermondsey to remain encouraging a chancel search and or chancel repair liability insurance.
I have been on the look out for a ground for flat up to £195,000 and identified one close by in Bermondsey I like with open areas and transport links nearby, however it only has 51 remaining years left on the lease. I can't really find anything else in Bermondsey suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease will be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
How easy is it to swap conveyancer as I need to instruct one who is on the Alliance & Leicester conveyancing list. I had appointed a local conveyancing solicitor in Bermondsey round the corner but he is not accepted by Alliance & Leicester
We will our best to assist in finding you a conveyancing solicitor in Bermondsey on the Alliance & Leicester panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Bermondsey. Using search facility on this website, you can compare fees for conveyancing solicitors in Bermondsey and beyond.
Is it true that a Bermondsey conveyancing firm has court proceedings brought against them by clients for failing to conduct comprehensive conveyancing investigations?
Our attention has not be brought to such a Bermondsey conveyancing matter but according to a recent report, clients purchasing a house in Cumbria successfully won a claim against their conveyancer due to development plans to erect a wind farm failing to be picked up in conveyancing searches.
If you are thinking of buying a home in Bermondsey It is critical that your lawyer purchase all Bermondsey conveyancing searches necessary making sure that you have accurate and current information before purchasing a home in Bermondsey.