Our solicitor has identified a a legal deficiency with the lease for the property we are buying in Chipping Sodbury. The other side have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our property lawyer says that he must check that the mortgage company is content with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. The appropriate lender provisions must be adhered to.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would prefer to instruct a Chipping Sodbury based conveyancing firm?
You should check but the chances are that allocate you one of their panel solicitors should you take up the "fee-free" deal. Call the bank to explore if they make available a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Chipping Sodbury.
Various internet forums that I have come across warn that are a common reason for hinderance in Chipping Sodbury conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Chipping Sodbury.
It has been 4 months following my purchase conveyancing in Chipping Sodbury took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How do I locate a Chipping Sodbury solicitor on the Barclays conveyancing panel? I have a car and am prepared to travel upto 20miles to meet the solicitor.
You can use the search on this page. Please choose the mortgage company and your location and you will see a number of Chipping Sodbury conveyancing lawyers based on proximity. We have detailed some Chipping Sodbury conveyancing firms at the bottom of this page and you can ring them to check if they are on the Barclays panel
It's been quite a while since I last purchased a property. Searching on the web suggests that the costs range considerably. Is it possible for you to recommend a good Chipping Sodbury conveyancing practitioner that can assist me as well as represent Clydesdale?
The purpose of this site is limited to being a directory service for conveyancing practitioners who want to be listed as being on the approved conveyancing panel for Clydesdale in certain areas for example Chipping Sodbury . We dont recommend any particular conveyancing practitioner.