Our solicitor has uncovered a a problem with the lease for the property we are buying in Piccadilly. The other side have offered defective title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer says that he must be satisfied that the bank is happy with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their requirements 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 bank are the client. The appropriate lender requirements must be adhered to.
We see that you have a post code search directory listing law firms on the UBS conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Piccadilly?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Piccadilly.
The Piccadilly conveyancing firm that I recently instructed on my house acquisition in Piccadilly have suddenly closed. They were on acting for me because I had to have a lawyer on the RBS conveyancing panel and my preferred Piccadilly lawyer was not. I cut them a cheque for two hundred pounds in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
Are there restrictive covenants that are commonly identified during conveyancing in Piccadilly?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Piccadilly. 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…’
How difficult is it to swap conveyancer as I have to instruct a firm on the Aldermore conveyancing list. I hired a family conveyancing solicitor in Piccadilly round the corner but he is not approved by Aldermore
It would be our pleasure to assist you find a conveyancing solicitor in Piccadilly on the Aldermore panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Piccadilly. Using search facility on this page, you can scrutinise costs for conveyancing solicitors in Piccadilly and beyond.
A couple of weeks ago I was advised by my mortgage company that their panel solicitors work on no completion no fee basis for conveyancing in Piccadilly. My purchase fell through and now the solicitors have invoiced for search fees! They are claiming that the fees are independent!
Piccadilly conveyancing search costs are disbursements not solicitors costs as these are paid to a third party.