My solicitor has discovered a defect with the lease for the property we are purchasing in Speke. The seller’s lawyers have put forward title insurance as a solution. We are content with insurance and will pay for it. Our property lawyer says that he must be satisfied that the mortgage company is happy with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender 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 bank 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 solicitor will have no choice but to discontinue acting for you.
Do all mortgage companies provide you with an approved list of Speke conveyancing solicitors? How do you know who is on the Nationwide conveyancing panel?
Speke conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
We just had an offer accepted to purchase with Earl Shilton BS. We have called around locally but cant to find a Speke conveyancing firm on the Earl Shilton BS approved list. Could you help?
Feel free to make the most of the search tool on this site. Please choose the building society and type Speke or your location and you will discover numerous conveyancers offices in Speke or near you.
Should our solicitor be asking questions regarding flooding during the conveyancing in Speke.
Flooding is a growing risk for solicitors specialising in conveyancing in Speke. Plenty of people will purchase a property in Speke, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, however there are a number of checks that may be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Speke. The standard property information forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to find out whether the premises has suffered from flooding. If flooding has previously occurred and is not notified by the seller, then a buyer may bring a compensation claim as a result of such an incorrect response. The purchaser’s solicitors will also order an environmental report. This will indicate whether there is any known flood risk. If so, additional inquiries will need to be made.
I am looking for a conveyancing lawyer in Speke for my house move. Is there any facility to review a firm’s complaints history with the legal regulator?
One can review presented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator could monitor call for training requirements.
I pay a maintenance fee for my flat in Speke. Due to redundancy and other issues I fell into arrears with payments. The management company agreed a payment plan but there remains in the region of £2000 outstanding at the current time.
I want to dispose of the property and I am nervous that this may hold me back if I have to discharge the amount due in advance. I'd like to sell up and then pay them back with the completion monies - is this possible?
Your lawyer should be in a position to negotiate with the management company, with a new to seeing if they would accept settlement from completion monies. This is an example of why it is sensible to appoint a conveyancer in Speke as they are likely to have an established relationship with the parties.