Our solicitor has identified a a legal deficiency with the lease for the flat we are purchasing in Rogiet. The other side have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancing practitioner says that he must check that the mortgage company is willing to move forward with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. The appropriate lender requirements must be adhered to.
What is your number one tip for finding a conveyancing solicitor in Rogiet
It would be unwise to be tempted by the lowest Rogiet conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
When it comes to mortgage companies such as Nationwide, do Rogiet conveyancers have to pay an annual charge to be on the conveyancing panel?
We are not aware of any bank fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Is it the case that all Rogiet solicitor firms on the Leeds Building Society conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Leeds Building Society conveyancing panel they would need to be governed by the SRA. Many lenders do list licenced conveyancers on their panel and in such a situation the organisation would be overseen by the CLC.
Will my solicitor be making enquiries regarding flooding during the conveyancing in Rogiet.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Rogiet. There are those who buy a property in Rogiet, completely aware that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a numerous searches that can be undertaken by the buyer or by their lawyers which should figure out the risks in Rogiet. The standard information given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the seller to discover whether the premises has suffered from flooding. If flooding has previously occurred which is not revealed by the seller, then a buyer could bring a legal claim for losses as a result of such an misleading answer. A buyer’s solicitors will also conduct an environmental report. This will reveal if there is a recorded flood risk. If so, further inquiries should be made.
My wife and I purchased a semi-detached Edwardian house in Rogiet. Conveyancing practitioner acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rogiet and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing practitioner who conducted the work.
In my capacity as executor for the estate of my grandmother I am disposing of a property in Monmouth but I am based in Rogiet. My lawyer (approximately 250 kilometers awayneeds me to execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Rogiet to attest this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Rogiet based
Are the Rogiet conveyancing lawyers identified as being on the mortgage company conveyancing panel, together with their details provided by the mortgage company?
Rogiet law firm practices and firms carrying out conveyancing in Rogiet themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the lender directly.