My lawyer has discovered a a problem with the lease for the apartment we are buying in Portishead. The seller’s lawyers have offered defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our property lawyer says that he must ensure that the mortgage company is content with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the lender 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 requirements. You and the lender are the client. The appropriate lender provisions must be adhered to.
Having spent time researching consumer advice sites for a conveyancing lawyer in Portishead, most say that I must instruct a CQS kitemarked lawyer. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing processes through the scheme protocol Membership covers numerous companies who conduct conveyancing in Portishead.
My partner and I are planning on selling our home in Portishead and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Portishead lawyer would know that there is no such problem. For the life of me I don't know why the buyers used an internet conveyancing firm rather than a conveyancing solicitor in Portishead. Having lived in Portishead for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Portishead is where the house is located. What do you suggest?
Flying freeholds in Portishead are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Portishead 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 Portishead 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 residence.
What does commercial conveyancing in Portishead cover?
Non domestic conveyancing in Portishead incorporates a wide array of advice, supplied by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My husband and I are four weeks into a freehold purchase having been referred to a firm by the selling agent to perform conveyancing in Portishead. I am am very disappointed with the quality of service. Could you help me find new solicitors?
They would need to be really poor to suggest changing them. Has the mortgage offer been generated? In the event that it has you must advise them of the new contact details and get the loan are issued to the new lawyers. The solicitor ideally needs to be on the mortgage company approved list to avoid supplemental costs and complications. So that should be your starting point. The search tool will help you find a lender approved conveyancer for your home move in Portishead