Our solicitor has identified a defect with the lease for the property we are purchasing in Stoke Poges. The other side have put forward defective title insurance as a workaround. We are content with insurance and will pay for it. Our property lawyer says that he must ensure that the lender is content with this solution. Are we the client or is the lender?
Even though you have a mortgage offer from the mortgage company 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 requirements. You and the bank are the client. The appropriate lender conditions must be adhered to.
We are purchasing a property and require a conveyancing solicitor in Stoke Poges who is on the TSB conveyancing panel. Could you point me in the right direction as regards a 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 TSB . We don't recommend any particular firms conducting conveyancing in Stoke Poges.
How does conveyancing in Stoke Poges differ for new build properties?
Most buyers of new build property in Stoke Poges approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because builders in Stoke Poges tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stoke Poges or who has acted in the same development.
I decided to have a survey done on a property in Stoke Poges ahead of appointing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend refuse to issue a mortgage on this type of house.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stoke Poges. Conveyancing will be smoother if you use a solicitor in Stoke Poges especially if they are accustomed to such properties in Stoke Poges.
My husband and I are new to the buying process - agreed a price, but the property agent told us that the vendor will only proceed if we instruct their recommended solicitors as they want an ‘expedited deal’. We would rather use a high street conveyancer accustomed to conveyancing in Stoke Poges
We suspect that the owner is unaware of this ultimatum. Should the seller desire ‘a quick sale', alienating a motivated purchaser is counter productive. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to appoint your own,trusted Stoke Poges conveyancing lawyers - rather thanthose that will earn their negotiator at the agency a commission or achieve conveyancing targets set by corporate headquarters.
Should I stop the direct debit for my mortgage with Clydesdale once a completion date for my sale in Stoke Poges has been agreed?
You are best advised to continue meeting any mortgage payments to Clydesdale until the mortgage is redeemed on completion as part of your Stoke Poges conveyancing.