Our lawyer has uncovered a a legal deficiency with the lease for the property we are buying in Kidderminster. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancer says that he must ensure that the mortgage company is content with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your lawyer 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 conveyancer will have no choice but to discontinue acting for you.
My wife and I are intent on selling our house in Kidderminster and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any local lawyer would know this is not the case. For the life of me I don't know why the purchasers instructed a factory type conveyancing practice rather than a conveyancing solicitor in Kidderminster. We have lived in Kidderminster for many years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You must 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 life insurance to cover that same sickness)
I have todaybecome aware that Wolstenholmes have closed. They carried out my conveyancing in Kidderminster for a purchase of a leasehold apartment 9 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest way to see if the property is in your name, you can make 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 Kidderminster conveyancing specialists.
Just had an offer accepted on a new build apartment in Kidderminster. Conveyancing is a frightening process 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 legal work.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Kidderminster
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
My husband and I are 18 days into a freehold purchase having been recommend to a firm by the estate agent to do our conveyancing in Kidderminster. I am not happy. Could you help me find new lawyers?
They would have to be very poor to suggest diss instructing them. Has the mortgage been generated? In the event that it has you must advise them of the new contact details and have the loan are re-sent. Your solicitor ideally should be on the banks panel to avoid escalating charges and delays. So that should be your starting point. The find a solicitor tool will assist you in finding a bank approved solicitor for your conveyancing in Kidderminster
My husband and I have agreed a price on a Kidderminster house left to us seven years ago in 2012. I have over ten years conveyancing know-how and, now retired, see no reason not to carry out the conveyancing. The buyer's conveyancer has informed me that their bank will not allow us to do our own conveyancing insisting the funds to be passed via a solicitor's bank account.
Lending instructions to conveyancers from all CML members state that If the vendor is not legally represented the purchaser’s lawyers should check whether the mortgage company needs to be told so that a decision can be reached as to whether or not they are prepared to proceed.