Our lawyer has discovered a a problem with the lease for the flat we are purchasing in Clifton Village. The other side have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must check that the lender is happy with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank 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 bank 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 property lawyer will have no choice but to discontinue acting for you.
Can your site be used to recommend a Conveyancing solicitor in Clifton Village even where I’m not purchasing or disposing of a house, for example where I wish to buy a shop in Clifton Village with a mortgage from HSBC Bank?
Our search tool is predominantly utilised to help choose domestic conveyancing solicitors in Clifton Village but we have set out at the bottom of this page a few Clifton Village commercial conveyancing firms. You should make contact with the firm directly to see if they are also authorised to represent HSBC Bank
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Clifton Village. Do I pick up the keys to the property on completion from my lawyer? If so, I will appoint a local conveyancing solicitor in Clifton Village?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the owner’s lawyers, and once they have received this, you should be called to receive the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
We had selected solicitors with offices in Clifton Village on the Yorkshire BS solicitor panel. They have just invoiced me a supplemental fee for the legal aspects of the Yorkshire BS mortgage. Is this an additional conveyancing fee set by Yorkshire BS?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancer may levy a fee for this. The charge is not dictated by Yorkshire BS but by your Clifton Village property lawyer. Plenty of firms on the Yorkshire BS panel will charge an ‘acting for lender’ fee and others do not.
We expect to receive a OIP from HSBC this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Clifton Village solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint Clifton Village solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
Should commercial conveyancing searches disclose planned roadworks that may impact a commercial site in Clifton Village?
Its becoming the norm that commercial conveyancing solicitors in Clifton Village will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Clifton Village. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Clifton Village.
For each commercial conveyancing transaction in Clifton Village it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Clifton Village commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Clifton Village.
About to purchase a new build apartment in Clifton Village. Conveyancing is a frightening process 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 legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Clifton Village
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Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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.
We are four weeks into a leasehold purchase having been directed to solicitors by the local agent to carry out the conveyancing in Clifton Village. We are not happy. Could you you assist me in finding new conveyancers?
A conveyancer would need to be very bad to suggest replacing them. Has the mortgage been generated? In the event that it has you need to make them aware of the new contact details and ensure the mortgage documents are re-sent. The conveyancer should be on the banks panel to avoid escalating costs and delays. That should be your first question of the new conveyancers. The find a solicitor tool will help you find a lender approved conveyancer for your home move in Clifton Village