My lawyer has discovered a defect with the lease for the property we are buying in Newton Ferrers. The seller’s lawyers have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our property lawyer says that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook specifications. 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 conveyancing practitioner will have no choice but to discontinue acting for you.
I am planning to acquire a property and require a conveyancing solicitor in Newton Ferrers who is on the Santander solicitor. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Santander in certain locations such as Newton Ferrers. We dont recommend any particular firm.
Do I need to pay for insurance to address the risk of chancel repairs when buying a house in Newton Ferrers?
Unless a previous purchase of the house completed after 12 October 2013 you may take it that lawyers conducting conveyancing in Newton Ferrers to remain recommending a chancel search and or insurance against a claim.
I opted to have a survey carried out on a property in Newton Ferrers prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders will refuse to grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. If you contact us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Newton Ferrers. Conveyancing may be slightly more expensive based on your lender's requirements.
My business partner and I are wishing to take an assignment of a lease of an office on a shopping parade. Can you recommend lawyers offering competitive costs for commercial conveyancing in Newton Ferrers for below 2k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Newton Ferrers, including the sale and acquisition of businesses as well as simply premises. If you are looking to purchase or sell a shop, pub, restaurant, office, retail premises or a whole business we will find you the right solicitor. As for the fees this will depend on the structure and terms of the proposed transaction. Please provide us with your contact information or telephone so as to enable us to supply you with a fixed commercial conveyancing quote.
I need to find a conveyancing solicitor for sale conveyancing in Newton Ferrers. I've chance upon a site which seems to have the ideal solution If there is a chance to get all formalities done via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?