My conveyancer has identified a defect with the lease for the property we are buying in Chandlers Ford. 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 check that the bank is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your conveyancing practitioner 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 conveyancing practitioner will have no choice but to discontinue acting for you.
I have been referred to a conveyancing solicitor in Chandlers Ford. I I am struggling to find out whether they are on the National Westminster Bank approved list of lawyers. Can you advise?
You should call the lawyer and ask them whether they can act for the lender. Otherwise you should get in touch with National Westminster Bank who may be able to assist.
Can you point me to a directory of Santander panel conveyancers in Chandlers Ford on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association sites. A small selection of lenders make their panel listings visible on the web. If you are in need of a Chandlers Ford lawyer on the Santander please make the most of our tool.
I have instructed a Chandlers Ford lawyer having checked that they are on the Bank of Ireland conveyancing panel. Does my lawyer arrange the survey of the property?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Chandlers Ford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Aldermore have agreed my home loan in principle, my bid on a house in Chandlers Ford has been agreed to, what are the next steps?
Your property agent will wish to know who your solicitors are (ensure that the conveyancers are on the bank’s approved list). Contact Aldermore or the broker and finish off any relevant forms. Aldermore will sellect a valuer who will get in contact with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes on average a week to receive the mortgage offer. Aldermore will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chandlers Ford.
Me and my brother have a 4 bedroom Edwardian house in Chandlers Ford. Conveyancing lawyer acted for me and Barclays . I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the exact same property. Is it worth asking Barclays to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chandlers Ford and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing practitioner who carried out the work.
Am I better off to use a Chandlers Ford conveyancing lawyer in close proximity to the house I am purchasing? I have an old university friend who can conduct the conveyancing but her office is over three hundred kilometers drive away.
The benefit of a high street Chandlers Ford conveyancing firm is that you can pop in to sign paperwork, hand in your identification documents and apply pressure on them if necessary. Having local Chandlers Ford know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and the majority were happy that must trump using an unfamiliar Chandlers Ford conveyancing lawyer solely due to them being round the corner.
Your search tool is useful but there are many lawyers listed near Chandlers Ford being on the bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our lender?
We are not in the business of recommending one firm above another as the right Chandlers Ford conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Chandlers Ford knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..