My lawyer has uncovered a a legal deficiency with the lease for the apartment we are buying in Hatton Park. The other side have offered defective title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that he must be satisfied that the lender is content with this solution. Are we the client or is the lender?
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 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 lender 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.
After looking at mumsnet.com for a recommended solicitor in Hatton Park, many advise that I must instruct a CQS kitemarked lawyer. Can you explain what CQS is?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to prudent and efficient conveyancing processes via the scheme protocol Membership covers numerous partnerships who perform conveyancing in Hatton Park.
I am purchasing a house and the solicitor has raised the issue of Chancel Repair to which the house may be liable as it falls into the area of such a church. She has suggested insurance. Is this really required for conveyancing in Hatton Park
Unless a previous purchase of the property completed after 12 October 2013 you could assume that solicitors handling conveyancing in Hatton Park to continue to recommend a chancel search and or chancel repair liability policy.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Hatton Park. Conveyancing is necessary evil 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 legal work.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Hatton Park
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared.
What makes your site different to alternative internet conveyancing brokers for conveyancing in Hatton Park?
At this site get a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Hatton Park. Unlike many estate agents and many comparison sites we do not have kick-back deals with solicitors. Many agents and online brokers 'recommend' solicitors that pays the highest per referral, not the best value conveyancing in Hatton Park
Am I better off to choose a Hatton Park conveyancing solicitor who is local to the property I am purchasing? I have an old university friend who can deal with the conveyancing however his firm is located approximately 350miles drive away.
The benefit of a high street Hatton Park conveyancing practice is that you can attend the office to sign paperwork, hand in your identification documents and pester them if necessary. Having local Hatton Park know how is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and they were happy that should trump using an unknown Hatton Park conveyancing solicitor solely due to them being based in the area.