I am searching for value for money property lawyer. Should I go for for an internet conveyancer as opposed to a local Barnard Castle conveyancing lawyer?
Existing third party connections are another important factor to consider when appointing conveyancing solicitors. Barnard Castle law firms benefit from connections with mortgage brokers and property, local authorities, valuers and other law firms meaning the whole process is going to be much smoother for you. Hosting years of knowledge of the local area is also a plus .
Our lawyer has identified a a legal deficiency with the lease for the apartment we are purchasing in Barnard Castle. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancer has advised that he must be satisfied that the bank is willing to move forward 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 lender are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank 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 solicitor will have no choice but to discontinue acting for you.
Do banks and building societies provide you with an approved list of Barnard Castle conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Barnard Castle conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
Are there restrictive covenants that are commonly picked up during conveyancing in Barnard Castle?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Barnard Castle. 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 decided to have a survey completed on a property in Barnard Castle in advance of retaining conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders may not give a mortgage on such a house.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Barnard Castle. Conveyancing will be smoother if you use a solicitor in Barnard Castle especially if they regularly deal with such properties in Barnard Castle.
I'm remortgaging a bungalow in Barnard Castle. I can find my conveyancer's company on the Law Society's list, but I can't locate my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not every individual in the practice must be listed by the regulator. Provided there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.