My partner and I are intent on acquiring a maisonette in Greystones. My property lawyer is not listed on the lender conveyancing list. Am I still permitted to continue with my Greystones conveyancing solicitor notwithstanding that they are excluded from the bank panel?
You will need to appoint a conveyancing practitioner to deal with the formalities when you require a loan to purchase your home. The solicitor will conduct all the appropriate due diligence on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage paperwork is dealt with. You may instruct a Greystones property lawyer of your choice. Nevertheless, if the conveyancer appointed is not on the lender conveyancing panel additional costs will arise as separate legal representation will be required by them. Bank panel applications can be submitted, so where your solicitor has not historically applied for membership they should take the opportunity to apply.
Our solicitor has discovered a defect with the lease for the apartment we are buying in Greystones. The other side have offered title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must be satisfied that the mortgage company is happy with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your property lawyer 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 property lawyer will have no choice but to discontinue acting for you.
is it true that all Greystones conveyancing solicitors on the TSB conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the TSB conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do permit licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
Having digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Greystones solicitor - who is on the TSB conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB 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 Greystones 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.
Kent Reliance have agreed my home loan in principle, my bid on a flat in Greystones has been accepted, what happens next?
Your estate agent will need to know who your solicitors are (ensure that the lawyers are on the bank’s panel). Call up Kent Reliance or the broker and finalise any appropriate forms. Kent Reliance will sellect a valuer who will get in contact with the selling agent or seller to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Kent Reliance will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Greystones.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial premises in Greystones?
Its becoming the norm that commercial conveyancing solicitors in Greystones will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Greystones. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Greystones.
For every commercial conveyancing transaction in Greystones it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Greystones commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Greystones.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The lawyers who handled the conveyancing in Greystones 5 years ago no longer exist. What are my next steps?
Nowadays there are copies made of almost everything, and your conveyancer will know precisely where to find all the relevant documentation so you may purchase or sell your property without a hitch. Where duplicates can’t be found, your conveyancer may be able to arrange cover in the form of insurance or indemnities against future claims on the premises.
How easy is it to swap firm as I have to appoint one who is on the Birmingham Midshires conveyancing panel. I had appointed a family conveyancing solicitor in Greystones round the corner but he is not accepted by Birmingham Midshires
We will our best to assist in finding you a conveyancing solicitor in Greystones on the Birmingham Midshires panel. Please note that the law firms that we list do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Greystones. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Greystones.