Our lawyer has uncovered a a problem with the lease for the apartment we are buying in West Molesey. The other side have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor has advised that he must ensure that the lender is happy with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications. 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 conveyancing practitioner will have no choice but to discontinue acting for you.
As someone clueless as to conveyancing in West Molesey what’s the number one tip you can impart concerning the ownership transfer in West Molesey
You may not hear this from too many lawyers but conveyancing in West Molesey or throughout Surrey is often a confrontational process. In other words, when it comes to conveyancing there is lots of opportunity for confrontation between you and others involved in the legal transfer of property. For example, the seller, property agent and on occasion your mortgage company. Appointing a law firm for your conveyancing in West Molesey is a critical decision as your conveyancer is your adviser, and is the SOLE person in the process whose interest is to protect your legal interests and to keep you safe.
On occasion a potential adversary will try and persuade you that you should follow their advice. For instance, the property agent may claim to be assisting by claiming that your conveyancer is slow. Or your financial adviser may advise you to do something that is against your solicitors guidance. You should always trust your lawyer above all other parties in the home moving process.
My wife and I have recently appointed a conveyancing solicitor in West Molesey. I need to find out if they are accepted on the Barnsley Building Society approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing to do is contact your conveyancer and ask them whether they are on the lender panel. Otherwise you can get in touch with Barnsley Building Society who may be able to assist.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in West Molesey and how can you help?
The particular law that you refer to gives a safeguard to commercial leaseholders, giving them the legal entitlement to apply to court for a new tenancy and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. West Molesey is one of our numerous areas of the UK in which our lawyers have offices
We are 17 days into a residential purchase having been directed to solicitors by the selling agent to carry out the conveyancing in West Molesey. I am am starting to be frustrated with the level of service. Can you you assist me in finding new conveyancers?
A conveyancer would have to be very poor in order to consider replacing them. Has the mortgage been issued? In the event that it has you will need to advise them of the new lawyer and ensure the mortgage documents are re-issued. Your new solicitor ideally needs to be on the mortgage company panel to avoid escalating fees and complications. That should be your first question of the new conveyancers. The search tool should assist you in finding a bank approved conveyancer for your conveyancing in West Molesey
Are all West Molesey solicitors on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your high street bank branch in West Molesey. Chances are that they will be in a position to recommend some approved conveyancing solicitors in West Molesey