I plan on acquiring a maisonette in Brockley. My Solicitor is not on the bank solicitor panel. Am I still permitted to continue with my Brockley conveyancing solicitor even though they are excluded from the mortgage company list of approved lawyers?
You will need to have a lawyer to deal with the formalities when you take out a mortgage to purchase your property. They will conduct all the essential legal checks on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage paperwork is dealt with. One may select a Brockley conveyancing practitioner of your choice. Nevertheless, if the lawyer appointed is not a member of the mortgage company approved list further fees will be levied as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so provided your solicitor has not previously sought membership they can do so.
Our lawyer has uncovered a a legal deficiency with the lease for the flat we are purchasing in Brockley. The seller’s lawyers have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor has advised that he must ensure that the mortgage company is happy with this solution. Who is the client here, us or the mortgage company ?
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 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 solicitor will have no choice but to discontinue acting for you.
I am buying a new build flat in Brockley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Brockley
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Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan.
How do I search for a Brockley solicitor on the Barclays Direct conveyancing panel? I am a keen cyclist and am prepared to travel upto 20miles to meet the conveyancer.
You can use the facility on this website. Please pick a bank and your location and you will see a number of Brockley conveyancing lawyers located nearest you. We have detailed some Brockley conveyancing firms towards the end of this page and you can ring them to see if they are on the Barclays Direct member panel
My step-father has suggested that I instruct his lawyers for conveyancing in Brockley. Should I choose my own solicitor?
Much as we are happy to recommend a Brockley conveyancing lawyer the best way to choose a conveyancing practitioner is to have guidance from friends or relatives who have previously instructed the firm that you are are thinking of instructing.
Why is New Build conveyancing in Brockley more expensive?
Buying a new build home is completely different from the standard house buying conveyancing in Brockley. For a start housebuilders usually demand contracts to exchange inside a short timeframe, the result being a a great deal of pressure on your solicitor to ensure everything is in order. In addition new build properties often necessitate examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank requirements are also more demanding. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.