Our lawyer has identified a a problem with the lease for the flat we are buying in Earley. The other side have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our property lawyer says that he must be satisfied that the mortgage company is content with this solution. Who is the client here, us or the bank?
Regardless of the fact that you have a mortgage offer from the mortgage company 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 conditions. You and the lender are the client. The appropriate lender conditions have to be complied with.
Should conveyancers ask for money on account for my conveyancing in Earley?
If you are buying a property in Earley your solicitor will ask you place them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the purchase price then this will be asked for shortly ahead of contracts are exchanged. Any further balance that is needed should be sent to your lawyer shortly before completion.
I used Wolstenholmes a few years ago for my conveyancing in Earley. I now require my papers but cannot find the solicitor. What do I do?
You should 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 Earley of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Earley. 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 is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Earley
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
We're FTB’s - had an offer accepted, yet the agent told us that the seller will only move forward if we use their chosen conveyancers as they want a ‘quick sale’. We would rather use a high street conveyancer with experience of conveyancing in Earley
We suspect that the owner is unaware of this request. Should the owner desire ‘a quick sale', alienating a serious purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make the point that (a)you are motivated purchasers (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you intend to use your preferred Earley conveyancing firm - not the ones that will give the estate agent a introducer fee or hit his conveyancing figures demanded by senior management.
Why is New Build conveyancing in Earley more costly?
Conveyancing in Earley for newly converted or new build premises can sometimes involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional questions and contractual considerations.