My wife and I are acquiring a flat in Wennington. My Solicitor is not listed on the mortgage company solicitor list. Can I still appoint my Wennington conveyancing solicitor notwithstanding that they are excluded from the mortgage company approved list?
Various options include
- Carry on with your existing Wennington conveyancing practitioner but your lender will no doubt retain a conveyancing practitioner from their approved list. The net result is additional fees together with likely interruption.
- Choose a new conveyancing practitioner to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Convince your lawyer to do everything possible to join the mortgage company panel of solicitors
My lawyer has uncovered a defect with the lease for the property we are purchasing in Wennington. The seller’s lawyers have put forward title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must ensure that the lender is content with this solution. Are we the client or is the mortgage company ?
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 mortgage company are the client. These conveyancing instructions must be adhered to.
I am buying a property in Wennington. One unusual aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Clydesdale your lawyer must comply with the formal requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook contains minimum specifications for solar panel roof-space leases, and solicitors are required to report to Clydesdale where a lease does not satisfy these conditions. The provisions relate to the installation of panels on properties nationwide and is not restricted to Wennington.
After weeks of negotiation I have agreed a price on a house in Wennington. My financial adviser recommended their conveyancers. I paid an on account payment of £175. A couple of days later, the lawyer contacted me sheepishly admitting that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Planning on purchasing a house in Wennington. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Wennington solicitor is on the Skipton conveyancing panel.
Will our solicitor be raising enquiries concerning flooding as part of the conveyancing in Wennington.
Flooding is a growing risk for conveyancers specialising in conveyancing in Wennington. There are those who acquire a house in Wennington, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, but there are a various searches that can be carried out by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Wennington. The conventional set of property information forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the vendor to determine whether the premises has ever been flooded. If the property has been flooded in past which is not notified by the owner, then a purchaser may commence a legal claim for losses as a result of such an inaccurate response. The buyer’s lawyers will also order an environmental report. This will reveal if there is a recorded flood risk. If so, further investigations should be carried out.
What does commercial conveyancing in Wennington cover?
Wennington conveyancing for business premises covers a broad array of services, provided by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I'm purchasing a bungalow in Wennington. I can find my conveyancer's company on the Law Society's list, but I can't find my lawyer's name as listed on the regulator's website. Should I be concerned?
Not all staff in the law firm must be listed by the regulator. As long there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be conducted by unlicensed staff.