My conveyancer has discovered a a problem with the lease for the apartment we are purchasing in Copmanthorpe. The other side have put forward defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor has advised that he must be satisfied that the bank is content with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the bank 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 requirements. You and the bank are the client. The appropriate lender specifications must be adhered to.
We're in Copmanthorpe, FTBs purchasing with a mortgage (lender is Co-operative , and our lawyer is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Copmanthorpe. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Copmanthorpe
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.
Due to the input of my in-laws I had a survey completed on a property in Copmanthorpe prior to retaining solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some lenders will not issue a loan on this type of property.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Copmanthorpe. Conveyancing will be smoother if you use a solicitor in Copmanthorpe especially if they are acquainted with such properties in Copmanthorpe.
I am thinking of appointing a conveyancing practitioner in Copmanthorpe for my home move. Can I review a firm’s record with the profession’s regulator?
You may search for documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. To find information Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator could monitor telephone calls for training purposes.
Been looking for a conveyancing practitioner for leasehold sale conveyancing in Copmanthorpe. I'm selling, simple no mortgage to discharge, no hurry, no onward chain. Got an estimate from a conveyancer for £900 plus VAT which is a tad high considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Copmanthorpe?
Given that it’s a sale only, £425 + VAT is likely to be about the lowest for a Copmanthorpe solicitor firm.