We wanted to use a conveyancing solicitor in Great Wyrley for our house purchase. Our broker has since advised us that our mortgage company National Westminster Bank won't deal with them. Surely this is unfair competition?
A mortgage company will direct that an approved conveyancer act for it. Borrowers are liable to bear the charges for this. Do use our directory service to choose a solicitor to conduct conveyancing in Great Wyrley on the National Westminster Bank member panel.
Will commercial conveyancing searches disclose impending roadworks that may affect a commercial property in Great Wyrley?
Its becoming the norm that commercial conveyancing solicitors in Great Wyrley will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Great Wyrley. The search result provides 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 Great Wyrley.
For every commercial conveyancing transaction in Great Wyrley it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Great Wyrley commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Great Wyrley.
I have recentlybeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Great Wyrley for a purchase of a leasehold flat 12 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Great Wyrley conveyancing specialists.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Great Wyrley is the location of the property. Can you offer any guidance?
Flying freeholds in Great Wyrley are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Great Wyrley you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Great Wyrley may decide 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.
In what way can the Landlord & Tenant Act 1954 affect my commercial property in Great Wyrley and how can your lawyers assist?
The particular law that you refer to affords a safeguard to business tenants, giving them the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Great Wyrley
Our solicitor in Great Wyrley has uncovered a a legal deficiency with the lease for the flat we are purchasing in Great Wyrley. The seller’s lawyers have put forward title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the lender conveyancing panel he must be satisfied 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 potential for a conflict of interest, you and the mortgage company are the client. A precondition to being on the bank approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will 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 lawyer will have no choice but to discontinue acting for you.