My lawyer has uncovered a defect with the lease for the property we are purchasing in Cannock. The other side have suggested defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that he must be satisfied that the bank is willing to move forward with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank 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 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.
At what point will exchange of contracts take place for sale conveyancing in Cannock and do I need to attend the conveyancers branch?
Where you are round the corner to our conveyancing solicitors in Cannock you are welcome to attend to sign the paperwork. That being said, the law practices we work with provide a national conveyancing service and provide just as comprehensive and professional a job for you when communicating with you by post or email. The executing of the contract is not the important part. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Cannock)to be in the office available at the end of the phone to exchange contracts.
I am planning to acquire a house and require a conveyancing solicitor in Cannock who is on the Skipton Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Skipton Building Society in certain locations such as Cannock. We dont recommend any particular firm.
Are there restrictive covenants that are commonly identified as part of conveyancing in Cannock?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Cannock. 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 am a sole trader wishing to lease a unit on the high street. Can you recommend conveyancers offering fixed charges for non-domestic conveyancing in Cannock for below 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Cannock, including the sale and purchase of businesses as well as simply premises. Whether you are looking to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. As for the charges this will depend on the structure and terms of the proposed transaction. Please provide us with your details or telephone so as to enable us to provide you with a detailed commercial conveyancing quote.
I am an executor of my recently deceased parent's Will, with a property in Cannock which is to be sold. The property has never been registered at the Land Registry and I'm told that some EAs will insist that it is in place before they will proceed. What's the procedure for this?
In the situation you refer to it seems prudent to seek 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.