My solicitor has identified a defect with the lease for the apartment we are purchasing in Guiseley. The other side have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our property lawyer has advised that he must ensure that the mortgage company is content with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your 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 lawyer will have no choice but to discontinue acting for you.
We are planning to acquire a flat and need a conveyancing solicitor in Guiseley who is on the Lloyds conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Guiseley.
My mortgage company has suggested a law firm on their panel based in Guiseley but I would rather instruct a conveyancing lawyer in Guiseley or nearer to where I live. Can you help?
Not all Guiseley conveyancing practices are approved and listed on all banks conveyancing panel. Use our search tool to identify a Guiseley conveyancing conveyancer on the on the bank panel.
Is it necessary to take out insurance to cover chancel repairs when buying a property in Guiseley?
Unless a prior purchase of the property completed post 12 October 2013 you may assume that lawyers conducting conveyancing in Guiseley to remain encouraging a chancel search and or insurance against a claim.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Guiseley I like with open areas and station nearby, the downside is that it's only got 49 years on the lease. There is not much else in Guiseley suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Guiseley?
At this site obtain an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Guiseley. Unlike many estate agents and brokerage sites we do not operate referral deals with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the most commission, as opposed to the best value conveyancing in Guiseley