Our lawyer has discovered a defect with the lease for the apartment we are purchasing in West Hill. The other side have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancer says that he must ensure that the lender is willing to move forward with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
My property lawyer in West Hill is not on the Leeds Building Society Solicitor Panel. Is it possible for me to continue with my prefered solicitor even though they are not on the Leeds Building Society panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing West Hill solicitors but Leeds Building Society will need to instruct a conveyancer on their list of acceptable firms. This will inevitably rack up the overall legal fees and cause frustration.
- Choose an alternative lawyer to to deal with the purchase, obviously checking they are Leeds Building Society approved.
- Persuade your Leeds Building Society solicitor to seek to join the Leeds Building Society panel
My wife and I are selling our house in West Hill and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used a national conveyancing firm rather than a conveyancing solicitor in West Hill. Having lived in West Hill for many years we know that this is a non issue. Should we contact our local Authority to get clarification need.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You should enquire of 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 life insurance to cover that same ailment)
How does conveyancing in West Hill differ for new build properties?
Most buyers of new build or newly converted property in West Hill approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in West Hill typically purchase the land, 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 conveyancers 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 West Hill or who has acted in the same development.
I need to retain a conveyancing solicitor for freehold conveyancing in West Hill. I've stumble upon a web site which seems to have the ideal solution If there is a chance to get all formalities completed via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
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?
We have been told by many friends that it may take 6-8 weeks for West Hill conveyancing to complete.This was a month ago. The draft contract was only received from the vendors lawyer a couple of days ago so now does it countdown?
There is no definitive time frame for conveyancing in West Hill. Conveyancing is subject to many variable. West Hill conveyancing searches in and of themselves may take up to month to arrive.