Our conveyancer has discovered a a problem with the lease for the flat we are buying in Mablethorpe. The other side have put forward title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer has advised that he must check that the lender is content with this solution. Who is the client here, us or the bank?
Regardless of the fact that you have a mortgage offer from the mortgage company 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 provisions. You and the lender are the client. The appropriate lender specifications must be adhered to.
How up to date is your search tool for Mablethorpe conveyancing solicitors on the Barclays conveyancing panel? Do Barclays send you an updated list?
Mablethorpe conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
What happens if my lawyer’s firm is suspended from the Barclays Solicitor panel ahead of completing my conveyancing in Mablethorpe?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I am downsizing from our home in Mablethorpe and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Mablethorpe conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a factory type conveyancing outfit as opposed to a conveyancing solicitor in Mablethorpe. Having lived in Mablethorpe for six years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You need to 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)
About to purchase a new build apartment in Mablethorpe. 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.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Mablethorpe
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Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants.
Are there any apps to help search for a Mablethorpe conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 10miles to attend the solicitor.
You can use the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Mablethorpe and you will see a number of lawyer located nearest Mablethorpe. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.