My solicitor has discovered a a problem with the lease for the property we are buying in Tilbury. The other side have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancer has advised 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 conditions. 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 conveyancer will have no choice but to discontinue acting for you.
Our mortgage company has suggested solicitors on their panel based in Tilbury but I would rather use a conveyancing lawyer in Tilbury or nearer to where I live. Can you help?
The minority of Tilbury conveyancing practitioners are on all lender’s conveyancing panel. Use our find an approved solicitor tool to find a Tilbury conveyancing solicitor on the on the bank panel.
Please help - my lawyer says that absentee landlord insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Tilbury?
The right level of absentee landlord indemnity insurance should be dictated by who your lender. It would differ for example between HSBC Bank and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
Is it the case that all Tilbury conveyancing solicitors on the UBS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the UBS conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Many banks do allow licenced conveyancers on their panel and in that case the firms would be governed by the Council of Licensed Conveyancers.
We had instructed conveyancers with offices in Tilbury on the Skipton solicitor approved list. They are now charging me a supplemental charge for dealing with the Skipton mortgage. Is this an additional conveyancing fee specified by Skipton?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your conveyancing practitioner can levy a fee for this. This charge is not dictated by Skipton but by your Tilbury lawyer. Plenty of firms on the Skipton panel will levy an ‘acting for lender’ fee and others do not.
It has been five months since my purchase conveyancing in Tilbury concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to find a conveyancing solicitor for remortgage conveyancing in Tilbury. I happened to discover a site which appears to be the ideal solution If it is possible to get all the legals completed via email that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My husband and I hope to purchase our 1st home in Tilbury. Conveyancing solicitor has been selected. The mortgage adviser suggested that a survey is not needed as the house is only fifteen years old.
At the very least you should have a Home Buyer's Report. As the residence was built more than a decade ago the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report could be enough. They will highlight any obvious problems and suggest further investigation if relevant. If there are any signs of material issues obtain a full structural survey.