Our lawyer has uncovered a a problem with the lease for the property we are buying in Bloomsbury. The other side have offered defective title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that he must check that the lender is content with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the mortgage company 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 lender are the client. These conveyancing instructions must be adhered to.
We are purchasing a flat and require a conveyancing solicitor in Bloomsbury who is on the Barclays conveyancing panel. Could you point me in the right direction as regards a conveyancing 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 Barclays . We don't recommend any particular firms conducting conveyancing in Bloomsbury.
I have recentlydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Bloomsbury for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The easiest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bloomsbury conveyancing specialists.
How does conveyancing in Bloomsbury differ for new build properties?
Most buyers of new build property in Bloomsbury contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Bloomsbury tend to buy 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 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 Bloomsbury or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Bloomsbury is where the house is located. Can you shed any light on this issue?
Flying freeholds in Bloomsbury are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bloomsbury you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bloomsbury may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Is it best to instruct a Bloomsbury conveyancing practitioner based in the location that I am hoping to buy? An old friend can execute the conveyancing however they are based approximately 350kilometers drive away.
The benefit of a high street Bloomsbury conveyancing firm is that you can attend the office to execute paperwork, deliver your identification documents and apply pressure on them if necessary. Having local Bloomsbury know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and in the main were happy that should trump using an unknown Bloomsbury conveyancing lawyer solely due to them being Bloomsbury based.