Our lawyer has discovered a a legal deficiency with the lease for the property we are buying in Enfield. The other side have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer has advised that he must be satisfied that the bank is happy with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the lender 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 mortgage company are the client. These conveyancing instructions must be adhered to.
Do all mortgage companies provide you with an approved list of Enfield conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?
Enfield conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
We're in Enfield, FTBs buying with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor 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.
Is it necessary to take out insurance to cover chancel repairs when purchasing a property in Enfield?
Unless a previous acquisition of the house took place post 12 October 2013 you can take it that lawyers carrying out conveyancing in Enfield to continue to propose a a chancel search and or insurance against a claim.
How simple is it to transfer to a new conveyancer as I have to retain one who is on the Coventry Building Society conveyancing panel. I was using a family conveyancing solicitor in Enfield round the corner but the firm is not approved by Coventry Building Society
We will our best to assist in finding you a conveyancing solicitor in Enfield on the Coventry Building Society panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Enfield. In utilising search facility on this site, you can scrutinise fees for conveyancing solicitors in Enfield and throughout England and Wales.
My husband and I are novice buyers - agreed a price, yet the estate agent informed us that the vendor will only move forward if we use their preferred conveyancers as they need a ‘quick sale’. We would rather use a family solicitor accustomed to conveyancing in Enfield
It is highly unlikely the owners are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you are going to appoint your own,trusted Enfield conveyancing solicitors - as opposed tothe ones that will earn the negotiator at the agency a kickback or achieve conveyancing targets pre-set by head office.