Our conveyancer has discovered a defect with the lease for the flat we are buying in Bloxham. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our lawyer says that he must be satisfied that the bank is content with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Is there a search tool that I can utilise to investigate if the solicitor carrying out my conveyancing in Bloxham is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Nottingham Building Society thus spending £192.00 in additional legal invoice.
You should make the most of the search tool on this page. Pick the lender and type ‘Bloxham’ or your location and you will discover numerous solicitors located in Bloxham or nearest you.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who conducted the conveyancing in Bloxham 10 years ago are no longer around. What are my next steps?
Assuming the title is registered the information relating to your proprietorship will be documented by the Land Registry under a Title Number. It is possible to conduct a search at the Land Registry, locate your property and get up to date copies of the Registered Entries for a small fee. If the property is Leasehold then the Land Registry will in most cases hold a certified copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
How does conveyancing in Bloxham differ for newly converted properties?
Most buyers of new build premises in Bloxham come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Bloxham usually buy the real estate, 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 accustomed to new build conveyancing in Bloxham or who has acted in the same development.
What does commercial conveyancing in Bloxham cover?
Bloxham conveyancing for business premises incorporates a wide array of services, supplied by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am thinking of appointing a conveyancing lawyer in Bloxham for my home move. Is there any facility to review a solicitor's record with the profession’s regulator?
You may see documented Solicitor Regulator Association (SRA) determinations arising from investigations started on or after Jan 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.