Our lawyer has discovered a a problem with the lease for the apartment we are purchasing in Maesteg. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner has advised that he must be satisfied that the bank is happy with this solution. Who is the client here, us or the mortgage company ?
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 conditions. 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 property lawyer will have no choice but to discontinue acting for you.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would prefer to appoint a Maesteg based conveyancing firm?
You should check but the the probability is that appoint one of their panel solicitors if you take up the "fee-free" incentive. Contact the lender and ask if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Maesteg.
My relative recommended that if I am buying in Maesteg I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Maesteg conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Maesteg around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Maesteg Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Maesteg Education with plans and statistics, Local Amenities and other useful data concerning Maesteg.
Are there restrictive covenants that are commonly identified as part of conveyancing in Maesteg?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Maesteg. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm converting the mortgage on my existing property to a buy to let mortgage with Britannia and intend to use the remaining equity as a down payment on further house. The neighborhood we are looking at is Maesteg. Will your lawyers be able to act for both sets of mortgage companies and link together the transactions?
Make use of our comparison tool on this page to check that the lawyers are on the appropriate lender panels. On the basis that they are the solicitor will be able to tie up the two conveyancing matters but you should talk with you lawyer and communicate your expectations and needs.
I am looking for a conveyancing solicitor in Maesteg for my purchase. Can I check a firm’s complaints history with the legal regulator?
Anyone may review presented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.