My conveyancer has uncovered a a legal deficiency with the lease for the property we are purchasing in Keighley. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancer says that he must check that the lender is content with this solution. Are we the client or is the lender?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the bank are the client. These conveyancing instructions must be adhered to.
It has been four months since my purchase conveyancing in Keighley took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing my first flat in Keighley with a mortgage from HSBC Bank. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not inform my solicitor about the side-deal as it could adversely affect my loan with HSBC Bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Are there any apps to help identify a Keighley law firm on the Godiva Mortgages Ltd conveyancing panel? I drive a motor bike and am happy to travel upto 25kilometers to meet the conveyancer.
You can use the tool on this website. Please select a mortgage company and your location and you will see a number of Keighley conveyancing lawyers based on proximity. We have listed some Keighley conveyancing firms towards the end of this page and you can call them to check if they are on the Godiva Mortgages Ltd approved list
I have been sourcing a conveyancing solicitor in Keighley for my home move. Is it possible to check a solicitor's record with the profession’s regulator?
You can see presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator could recorded call for training reasons.
Our lawyer in Keighley has uncovered a defect with the lease for the property we are buying in Keighley. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer has advised that as he is on the bank conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or the bank?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Keighley conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. The appropriate lender requirements must be adhered to by the lender conveyancing panel who has to balance acting for you and the mortgage company