My wife and I are planning to purchase a 2 bedroom apartment in Waterbeach with a mortgage. We like our Waterbeach solicitor, but the mortgage company advise she’s not on their "panel". We have to appoint one of the bank panel firms or keep our Waterbeach solicitor and pay for one of their panel ones to represent them. We regard this is inequitable; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Waterbeach conveyancing lawyer to apply to be on the conveyancing panel.
My brother and I have just purchased a house in Waterbeach. We have noticed several issues with the house which we believe were omitted in the conveyancing searches. Do we have any recourse? What searches should? have been carried out for conveyancing in Waterbeach?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Waterbeach. Conveyancing searches and investigations undertaken during the legal transfer of property are designed to help avoid problems. As part of the process, a seller completes a document referred to as a SPIF. If the information turns out to be inaccurate, you could possibly take legal action against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Waterbeach.
Can your site be used to find a Conveyancing solicitor in Waterbeach even where I’m not buying or disposing of a house, for instance where I wish to acquire an office in Waterbeach with a loan from Clydesdale?
Our comparison service is primarily utilised to select residential conveyancing solicitors in Waterbeach but we have recorded at the end of this page a selection of Waterbeach commercial conveyancing firms. You should speak with the firm directly to check if they can also act for Clydesdale
We are selling our property in Waterbeach and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Waterbeach lawyer would know that there is no such problem. It does beg the question why the buyers used a web based conveyancing outfit as opposed to a conveyancing solicitor in Waterbeach. Having lived in Waterbeach for 4 years we know of no issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
About to purchase a new build flat in Waterbeach. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Waterbeach
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Due to the input of my in-laws I had a survey completed on a house in Waterbeach in advance of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks may refuse to give a loan on such a premises.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Waterbeach. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Waterbeach to see if the conveyancing costs will increase in light of this.