Our lawyer has discovered a defect with the lease for the apartment we are purchasing in Horfield. The other side have offered title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor has advised that he must ensure that the bank is content with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. The appropriate lender conditions must be adhered to.
How up to date is your database of Horfield solicitors on the Clydesdale conveyancing panel? Do Clydesdale send you an updated list?
Horfield conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
I have been referred to a conveyancing solicitor in Horfield. I I would like to check whether they are on the National Westminster Bank conveyancing panel. Can you assist?
The first thing to do is e-mail your conveyancer and enquire whether they are on the lender panel. Alternatively please get in touch with National Westminster Bank who may be able to confirm.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a house in Horfield?
Unless a previous purchase of the premises completed post 12 October 2013 you can expect lawyers carrying out conveyancing in Horfield to continue to recommend a chancel search and or chancel repair liability policy.
I have recentlyfound out that Arc property Solicitors have closed. They carried out my conveyancing in Horfield for a purchase of a freehold house 12 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The quickest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Horfield conveyancing specialists.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Horfield is the location of the property. Is there any guidance you can give?
Flying freeholds in Horfield are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Horfield you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Horfield may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.