Our lawyer has uncovered a a legal deficiency with the lease for the property we are buying in Whitwick. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the lender is content with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the mortgage company 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 specifications. You and the mortgage company are the client. The appropriate lender provisions have to be complied with.
My brother-in-law has suggested I instruct a conveyancing solicitor in Whitwick. I I am struggling to find out if they are accepted on the Leeds Building Society conveyancing panel. Could you help?
The first thing to do is e-mail the solicitor and ask them whether they are on the lender panel. Otherwise please get in touch with Leeds Building Society who may be able to help.
Forgive me if this question is silly but I am new to the home buying as a first time buyer of a ground floor flat in Whitwick. Do I collect the keys to the property on completion from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Whitwick?
On the day of completion you will not be required to attend the conveyancers office in Whitwick. Your solicitors will arrange to send the completion advance to the seller's conveyancers, and once they have received this, you will be called to collect the keys from the property Agents and start moving into the property. Usually this occurs early afternoon.
Are all Whitwick Conveyancing Quality Solicitors on the Kent Reliance conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
I had a mortgage agreed in principle with Nottingham. Whitwick conveyancing practitioners are instructed. What is the average time that one could expect to receive a mortgage offer from Nottingham?
Some lenders take longer than others. Have Nottingham conducted the survey? Have you informed Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Whitwick?
Unless a prior acquisition of the property took place after 12 October 2013 you can assume that lawyers conducting conveyancing in Whitwick to continue to recommend a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Whitwick?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Whitwick. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I happen to be an executor of my recently deceased mother’s Will, with a house in Whitwick which will be sold. The bungalow has never been registered at HMLR and I'm advised that some purchasers will insist that it is done before they will proceed. What's the mechanism for this?
In the situation that you have set out it seems prudent to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.