My conveyancer has discovered a a problem with the lease for the flat we are buying in Claydon. The seller’s lawyers have put forward title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer says that he must be satisfied that the mortgage company is happy 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 mortgage company 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.
We're in Claydon, First timers purchasing with a mortgage (lender is Bank of Ireland , and our solicitor is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Do I need to take out insurance to cover chancel repairs when buying a property in Claydon?
Unless a previous purchase of the house completed after 12 October 2013 you could take it that solicitors delivering conveyancing in Claydon to remain encouraging a chancel search and or chancel repair liability policy.
I own a 4 bedroom Edwardian property in Claydon. Conveyancing practitioner represented me and Halifax. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Claydon and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing lawyer who conducted the conveyancing.
I am 17 days into a residential purchase having been referred to solicitors by the estate agent to carry out the conveyancing in Claydon. I am am very frustrated with the quality of service. Can you help me find new solicitors?
A conveyancer would need to be very poor to suggest diss instructing them. Has your mortgage offer been generated? If so you need to advise them of the new conveyancer and have the loan are re-sent. Your conveyancer needs to be on the lenders approved list to avoid escalating fees and complications. So that should be your starting point. Our find a solicitor tool can help you find a bank approved solicitor for your conveyancing in Claydon
At long last our conveyancing in Claydon is set to complete next Friday, yet the vendors I am buying from has asked to vacate on the Saturday PM. Do I accept such a plan?
You can't complete on a Saturday due to the bank systems aren't operational.