Our conveyancer has discovered a defect with the lease for the flat we are purchasing in Guildford. The other side have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer has advised that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company 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 bank 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 solicitor will have no choice but to discontinue acting for you.
We are planning to purchase with Loughborough BS. I visited a few high street firms yet am struggling to find a Guildford conveyancing firm on the Loughborough BS approved list. Can you help?
Feel free to take advantage of the search tool on this page. Please choose the building society and type Guildford or your preferred area and you will be presented with a number of lawyer located in Guildford or nearest you.
I purchased a terraced Edwardian house in Guildford. Conveyancing practitioner represented me and Chelsea Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Guildford and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing solicitor who conducted the work.
I decided to have a survey done on a property in Guildford prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor advised that some lenders may not give a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Guildford. Conveyancing may be slightly more expensive based on your lender's requirements.
I am a sole trader hoping to lease a unit on the high street. Can you recommend conveyancers offering competitive costs for non-domestic conveyancing in Guildford for under £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Guildford, including the disposal and purchase of businesses as well as simply premises. Whether you are hoping to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right lawyer. As for the costs this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or telephone us so that we may furnish you with a detailed commercial conveyancing quote.
After what seems like an age a loan offer from a bank for the remortgage of my 4 bedroom garden flat is to be issued any day now. Are you able to suggest a cheap remortgage conveyancing lawyer in Guildford ?
This site is not designed to help in pursuit of a cheap conveyancing in Guildford. Our intention is to offer cost effective conveyancing but we do not advertise as being the cheapest. Resist the temptation to appoint brokers offering low cost conveyancing in Guildford.At best, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in extras and still not receive the service required.