My conveyancer has identified a a legal deficiency with the lease for the flat we are buying in Brislington. The other side have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must be satisfied that the mortgage company is happy with this solution. Who is the client here, us or the mortgage company ?
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 solicitor must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company 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.
Can your site be used to find a Conveyancing solicitor in Brislington even if I’m not purchasing or disposing of a house, for example if I intend to acquire a shop in Brislington with a loan from National Westminster Bank?
Our search tool is predominantly used to find residential conveyancing solicitors in Brislington but we have set out at the bottom of this page a few Brislington commercial conveyancing firms. You should enquire with the solicitors directly to establish if they can also act for National Westminster Bank
What is the optimum way to check that the solicitor carrying out my conveyancing in Brislington is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus paying £175.00 in another set of conveyancing charges.
You should make the most of the search tool on this site. Pick the mortgage company and type ‘Brislington’ or your preferred area and you will see a number of lawyer based in Brislington or nearest you.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Brislington is the location of the property. Is there any advice you can impart?
Flying freeholds in Brislington are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Brislington 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 Brislington 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 premises.
My husband and I are FTB’s - agreed a price, yet the agent advised that the seller will only go ahead if we instruct their preferred conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street solicitor used to conveyancing in Brislington
It is highly unlikely the vendors are driving this. Should the seller desire ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the sellers and make the point that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you will continue to use your preferred Brislington conveyancing firm - not the ones that will give the negotiator at the agency a kickback or achieve conveyancing thresholds set by corporate headquarters.
Having had my offer accepted I require leasehold conveyancing in Brislington. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and most are in Brislington - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a ground floor flat in Brislington, conveyancing was carried out 3 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Brislington with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £50 per annum. The lease finishes on 21st October 2102
With 78 years remaining on your lease we estimate the price of your lease extension to be between £7,600 and £8,800 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.