My conveyancer has identified a a legal deficiency with the lease for the apartment we are buying in Marford. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer has advised that he must check that the bank is content with this solution. Are we the client or is the bank?
Regardless of the fact that 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 lender are the client. These conveyancing instructions have to be complied with.
We are purchasing a house and require a conveyancing solicitor in Marford who is on the Coventry BS approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Marford.
My flat in Marford is up for sale and I have a buyer. Does my conveyancing practitioner need to be required to be on the Barclays conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
Have purchased a a terraced house in Marford , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Marford conveyancing solicitor has been painfully slow, so I want to be sure that my purchase is recorded.
As far as conveyancing in Marford registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can adjust depending on the party submitting the application, whether it is in order and whether the Land registry have to notify any other persons or bodies. At present approximately three quarters of such applications are fully dealt with in less than three weeks but some can be subject to extensive hold-ups. Registration occurs after the new owner is living at the property therefore an expedited registration is not typically primary concern yet where there is a degree of urgency associated with the registration then you or your solicitor could contact the land registry and explain the circumstances.
I have been on the look out for a leasehold apartment up to £305k and found one near me in Marford I like with amenity areas and transport links in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Marford in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
How does the Landlord & Tenant Act 1954 affect my business property in Marford and how can your lawyers assist?
The 1954 Act affords a safeguard to business tenants, granting the right to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Marford