Our conveyancer has identified a a legal deficiency with the lease for the apartment we are purchasing in Chorley. The other side have suggested defective title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner has advised that he must be satisfied that the mortgage company is content 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 mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook provisions. 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.
Finally the sale completed on my house in Chorley last March yet the purchaser is Skype messaging daily complaining that her conveyancer is waiting to hear from myconveyancer. What are the post completion sale formalities following completion?
Following your house sale your conveyancer is obliged to forward the transfer documentation and all of the paperwork to the purchaser's lawyers. If applicable, your conveyancer should also evidence that the home loan has been repaid to the purchasers lawyers. There are no post completion requirements peculiar conveyancing in Chorley.
I am planning to acquire a flat and need a conveyancing solicitor in Chorley who is on the Chelsea Building Society solicitor. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Chelsea Building Society in certain locations such as Chorley. We dont recommend any particular firm.
I used Arc property Solicitors a few years past for my conveyancing in Chorley. Now, I need the documents but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Chorley of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Chorley is where the house is located. What do you suggest?
Flying freeholds in Chorley are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chorley you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chorley 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 father has encouraged me to instruct his lawyers for conveyancing in Chorley. Should I choose my own property lawyer?
There are no two ways about it the ideal way to find a conveyancing lawyer is to seek feedback from friends or relatives who have actually used the solicitor that you are are thinking of instructing.