My lawyer has identified a a problem with the lease for the apartment we are purchasing in Hedge End and Botley. The other side have suggested title insurance as a workaround. 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. Who is the client here, us or the bank?
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 conveyancer must comply with the UK Finance Lenders’ Handbook provisions. 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.
Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Hedge End and Botley so that I can attend their offices if necessary.
Whereas this was necessary 12 years ago, most banks no longer oblige their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID documents and there are still distinct advantages to choosing a locally based practitioner, in your case a conveyancing solicitor in Hedge End and Botley.
We are intent on selling our house in Hedge End and Botley and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Hedge End and Botley conveyancer would know that there is no such problem. It does beg the question why the buyers used a national conveyancing outfit as opposed to a conveyancing solicitor in Hedge End and Botley. We have lived in Hedge End and Botley for many years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I am buying a new build apartment in Hedge End and Botley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Hedge End and Botley
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There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Due to the encouragement of my in-laws I had a survey completed on a property in Hedge End and Botley prior to appointing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies tend not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can check 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 Hedge End and Botley. Conveyancing will be smoother if you use a solicitor in Hedge End and Botley especially if they are accustomed to such properties in Hedge End and Botley.
My husband is buying a leasehold property in Hedge End and Botley. Conveyancing estimates are averaging around £1700. Does that seem right?
The average fee in 2014 for conveyancing in Hedge End and Botley was just under one thousand five hundred pounds not including Land Tax and HM Land Registry fees.