My solicitor has discovered a defect with the lease for the property we are purchasing in Arlesey. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner says that he must ensure that the lender is happy with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender 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 conveyancer will have no choice but to discontinue acting for you.
We are purchasing a property and need a conveyancing solicitor in Arlesey who is on the Nationwide approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nationwide . We don't recommend any particular firms conducting conveyancing in Arlesey.
I have been told that property searches are the main cause of hinderance in Arlesey house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Arlesey.
I am purchasing a new build house in Arlesey with a mortgage from Godiva Mortgages Ltd. The sellers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not reveal to my lawyer about this side-deal as it will put at risk my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How do I use the search app to locate a conveyancing solicitor in Arlesey on the panel for my bank?
1st choose a bank such as Santander, Bank of Scotland or Clydesdale then type in your location a common one being Arlesey. Conveyancing practices in Arlesey and across England and Wales should be identified.
What type of premises does your Arlesey conveyancing estimates relate to?
Our conveyancing quotes are only applicable to standard residential property in England & Wales. Should you have any different needs for example industrial or agricultural land or commercial conveyancing in Arlesey you should contact us to discuss this further .