I was informed yesterday by my lender that my Polperro solicitor is not on the mortgage company Conveyancing panel. How can I be sure whether this is correct?
You need to call your Polperro conveyancer. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a Polperro conveyancing practice that is on the approved list of lawyers for your mortgage company.
My conveyancer has identified a a legal deficiency with the lease for the flat we are buying in Polperro. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer says that he must be satisfied that the lender is willing to move forward with this solution. Who is the client here, us or the lender?
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 lawyer must comply with the UK Finance Lenders’ Handbook provisions. 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.
We are looking to buy a flat and need a conveyancing solicitor in Polperro who is on the Kent Reliance approved panel. Could you point me in the right direction as regards a conveyancing 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 Kent Reliance . We don't recommend any particular firms conducting conveyancing in Polperro.
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who did the conveyancing in Polperro 4 years ago no longer exist. What are my next steps?
In today’s world there are copies made of almost everything, and your conveyancer will be aware precisely where to locate all the relevant documentation so you may buy or dispose of your property without a hitch. If copies can’t be found, your solicitor can arrange cover in the form of insurance or indemnities against possible claims on the property.
Is it possible to swap conveyancer as I need to select one who is on the Chelsea Building Society conveyancing panel. I instructed a high street conveyancing solicitor in Polperro round the corner but he is not accepted by Chelsea Building Society
It would be our pleasure to help you find a conveyancing solicitor in Polperro on the Chelsea Building Society panel. Please note that the property lawyers that we list do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Polperro. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Polperro.
I've recently bought a leasehold flat in Polperro. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Polperro Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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Is the freehold reversion owned jointly by the leaseholders? The prefered form of lease structure is a share of the freehold. In this situation the leaseholders have being in charge if their destiny and notwithstanding that a managing agent is often employed if it is bigger than a house conversion, the managing agent employed by the leaseholders. Are any of leasehold owners in dispute over their service charge payments?