Our solicitor has identified a a legal deficiency with the lease for the apartment we are purchasing in Fortis Green. The other side have suggested title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer has advised that he must check that the mortgage company is willing to move forward with this solution. Are we the client or is the bank?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions 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 mortgage company are the client. The appropriate lender requirements must be adhered to.
Can I use your services to find a Conveyancing solicitor in Fortis Green even if I’m not purchasing or disposing of a house, for instance if I wish to buy an office in Fortis Green with a mortgage from TSB?
The service is predominantly there to select domestic conveyancing solicitors in Fortis Green but we have recorded at the bottom of this page a selection of Fortis Green commercial conveyancing firms. You should make contact with the firm directly to see if they are also authorised to represent TSB
Is it the case that all Fortis Green CQS (Conveyancing Quality Scheme) solicitors are on the Nationwide conveyancing panel?
A selection of banks and building societies now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
When it comes to mortgage companies such as Bank of Ireland, do Fortis Green lawyers face a fee to be on the list of approved solicitors?
We are unaware of any mortgage company fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
My fiancee and I are at the point of viewing apartments in Fortis Green and I am about to put in an offer. Is it best to have my property lawyer on ‘stand by’? I will be getting a home loan with Virgin Money.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are getting a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
three months have elapsed following my purchase conveyancing in Fortis Green completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, no chain conveyancing. Fortis Green is where the house is located. Can you shed any light on this issue?
Flying freeholds in Fortis Green are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fortis Green you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fortis Green may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Me and my husband have agreed a price on a Fortis Green apartment left to us seven years ago in 2011. I have over 12 years conveyancing experience and, although retired, see no reason not to carry out the conveyancing. The purchaser's lawyer has informed me that their Lenders will not allow you to do your own conveyancing insisting the funds to be sent to a solicitor's bank account.
Mortgage requirements to solicitors from all mainstream lenders specify that If the vendor does not have legal representation the borrower's lawyers should check whether the mortgage company needs to be told so that a decision can be made if they are willing to move forward.