Our lawyer has identified a a legal deficiency with the lease for the property we are buying in Gerrards Cross and Chalfont. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer says that he must ensure that the bank is content with this solution. Who is the client here, us or the bank?
Even though 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 provisions. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
Forgive me if this question is silly but I am unseasoned as a first time purchaser of a two bedroom flat in Gerrards Cross and Chalfont. Do I receive the keys to the premises on the completion date from my solicitor? If so, I will use a High Street conveyancing solicitor in Gerrards Cross and Chalfont?
On the day of completion you will not be required to go to the conveyancers office in Gerrards Cross and Chalfont. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s lawyers, and once they have received this, you will be invited to receive the keys from the selling Agents and start moving into the property. Usually this occurs early afternoon.
I am selling my flat. I had a double glazing fitted in June 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Bank of Ireland are being difficult. The Gerrards Cross and Chalfont solicitor who is on the Bank of Ireland conveyancing panel is recommending indemnity insurance as a solution but Bank of Ireland are requiring a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I had an offer accepted on a house in Gerrards Cross and Chalfont on 6/6/2024, valuation was booked five days later, all came back fine. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Are Lloyds entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
I purchased a semi-detached Georgian house in Gerrards Cross and Chalfont. Conveyancing lawyer acted for me and Skipton Building Society. 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. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be 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 Gerrards Cross and Chalfont and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing solicitor who carried out the work.
What tools are available to search for a Gerrards Cross and Chalfont law firm on the Britannia conveyancing panel? I have a car and am prepared to travel upto 20miles to meet the lawyer.
You can use the facility on this website. Please pick a bank and your location and you will see a number of Gerrards Cross and Chalfont conveyancing lawyers located nearest you. We have detailed some Gerrards Cross and Chalfont conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Britannia panel
My husband and I are 3 weeks into a leasehold purchase having been recommend to conveyancers by the high street agent to handle our conveyancing in Gerrards Cross and Chalfont. I am not happy. Can you help me find new lawyers?
A solicitor would have to be very poor in order to consider changing them. Has the mortgage offer been issued? In the event that it has you will need to make them aware of the new contact details and have the offer are issued to the new lawyers. Your new conveyancer should be on the lenders panel to avoid supplemental expenses and complications. So that should be your starting point. The find a solicitor tool will assist you in finding a lender approved lawyer for your conveyancing in Gerrards Cross and Chalfont
I have instructed a Gerrards Cross and Chalfont conveyancing solicitor for our home move (FTB’s) and have noticed in the terms and conditions that they are not covered by the Financial Conduct Authority. Need I be concerned or is that usually the case with solicitor?
We can't see why they should be. Most conveyancer don't lend money. They should be regulated by the SRA, who set stringent laws regulating monies sitting by them.