Our conveyancer has identified a a problem with the lease for the apartment we are buying in Wandsworth. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that he must check that the lender is content with this solution. Who is the client here, us or the bank?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the lender are the client. These conveyancing instructions must be adhered to.
Are the Wandsworth conveyancing solicitors identified as being on the Leeds Building Society conveyancing panel, together with their details provided by Leeds Building Society?
Wandsworth conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial site in Wandsworth?
Its becoming the norm that commercial conveyancing solicitors in Wandsworth will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Wandsworth. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Wandsworth.
For each commercial conveyancing transaction in Wandsworth it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Wandsworth commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Wandsworth.
Due to the guidance of my in-laws I had a survey completed on a house in Wandsworth before retaining conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some banks will refuse to issue a loan on such a house.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to telephone us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wandsworth. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Wandsworth and I am already nervous. I couldn't find anything specific about Wandsworth. Conveyancing will be needed in due course but do you know about the Wandsworth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Wandsworth. In the meantime here are some basic statistics that we found
I am buying a house and cash is in place. I have provided lawyer with 2 separate proof of photographic ID, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer advising that the funds are legitimate and that it has come from inheritance and not selling fake watches.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Wandsworth conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.