We decided to go with a high street firm for our conveyancing in Nailsworth recently. Upon checking the official terms of business I noteI am on the hook for costs even if the sale aborts. Should I go with them or instruct an on-line conveyancing brokerage advertising no-sale-no-fee conveyancing in Nailsworth?
Generally there is a concession along the lines that if "No Completion No Fee" is advertised then the fee levels will generally be more expensive to counteract those conveyances that do not go ahead. You should be mindful that such promotions generally do not protect you from outlay for example Nailsworth conveyancing search costs.
Our lawyer has uncovered a a legal deficiency with the lease for the apartment we are buying in Nailsworth. The other side have put forward title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the mortgage company is willing to move forward 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 mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company 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 lawyer will have no choice but to discontinue acting for you.
Finally the sale completed on my house in Nailsworth last February but my buyer keeps calling me to say his lawyer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your disposal your lawyer is duty bound to forward the transfer deeds and all additional paperwork to the buyer’s conveyancer. Where relevant, your solicitor must also send confirmation that the mortgage has been redeemed to the purchasers conveyancers. There are no post completion tasks unique to conveyancing in Nailsworth.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a quick, chain free conveyancing. Nailsworth is the location of the property. What do you suggest?
Flying freeholds in Nailsworth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Nailsworth you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Nailsworth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I have been sourcing a conveyancing practitioner in Nailsworth for my home move. Can I check a firm’s record with the legal regulator?
Anyone may read published Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after 1 January 2008. Visit 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 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.
My in 2008. He has been married, widowed and has recently married again. He now wants to the sell the Nailsworth property. I think he will simply be need to supply copies of his marriage certificates to the solicitor however he is concerned it could hold up the sale of the property. Is it worth updating the land title documents for the house?
You are not required to update the title for the property as long as you have the proof required to show how the change of name occurred.
The purchaser’s lawyer should examine the registered entries and ask for evidence to establish the name change for instance marriage certificates.