It has come to my attention via my estate agent that my Chelmsley Wood lawyer is not on the mortgage company Solicitor panel. What can I do to check?
You need to contact your Chelmsley Wood lawyer directly. You lawyer should notify you what has happened. If they are not on the panel they may be able to suggest a Chelmsley Wood conveyancing practice that is on the conveyancing panel for your lender.
Our solicitor has discovered a defect with the lease for the apartment we are purchasing in Chelmsley Wood. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancing practitioner says that he must check that the lender is content with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the potential for 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 mortgage company 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 conveyancing practitioner will have no choice but to discontinue acting for you.
What is the optimum way to investigate if the solicitor handling my conveyancing in Chelmsley Wood is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Santander thus paying £175.00 in further legal invoice.
Please do make the most of the find a lender approved solicitor tool on this web page. Pick the mortgage company and type ‘Chelmsley Wood’ or your location and you will discover a number of lawyer located in Chelmsley Wood or by proximity to you.
My bid for a property was accepted at auction in Chelmsley Wood. Conveyancing is required. What are my next steps?
Now that you have exchanged you must hire the services of a conveyancing lawyer soon as you are facing a fast approaching a fixed date to complete the property. Every auction property will ordinarily have a bespoke auction pack. This should include most,if not all of the paperwork that your solicitor will need. Where you are dealing with leasehold premises the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You need to hand this to the solicitor instructed by you at the earliest opportunity. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.
Having read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Chelmsley Wood solicitor - who is on the Aldermore conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Chelmsley Wood surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My offer on a detached house in Chelmsley Wood has been accepted, the owners do however have a dependent purchase. The vendors have put an offer on a flat, however it’s not yet tied up, and have viewings of other flats booked. I have selected a bricks and mortar conveyancing solicitor in Chelmsley Wood. What do I do now? When should I get the mortgage application with UBS going?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then survey, Chelmsley Wood conveyancing search fees, etc). First, you should ensure that your solicitor is on the UBS approved list. Concerning the subsequent phase this very much dictated by the specifics of your case, desire for the property and on the state of the market. In a hot market many home buyers will apply for a home loan with UBS and pay for the valuation and only if it comes back ok would they pay their conveyancing practitioner to proceed with searches.
Just had an offer accepted on a new build apartment in Chelmsley Wood. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Chelmsley Wood
Please confirm the Lease plans are architect prepared. Please supply a car parking plan. 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. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I was pointed in your direction by a number of selling agents in Chelmsley Wood to get a quote from a solicitor using your seach tool. Is there a financial incentive for Estate Agents to recommend your site ahead of alternative conveyancing organisations?
We don’t give any referral fee for directing people to this site. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.