My conveyancer has identified a defect with the lease for the apartment we are buying in Gunnersbury. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner has advised that he must ensure that the lender is content with this solution. Are we the client or is the lender?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
We're in Gunnersbury, First time buyers purchasing with a mortgage (lender is Kent Reliance , and our lawyer is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.
I happen to be the only recipient of my late father’s estate and I have everything in my name now, including the house in Gunnersbury. Conveyancing formalities meant that the Land Registry date was in September. I want to move. I understand that there is a CML 6 month 'rule', which means that my property ownership may be considered the same way as though I had purchased the property in September. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. Some mortgage companies would take a pragmatic view as this obligation chiefly exists to pick up on the purchase and immediately sell or the quick reselling of properties.
Is it the case that all Gunnersbury solicitors on the UBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the UBS approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Some lenders do list licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers.
I recently had an offer accepted on a house in Gunnersbury. My mortgage broker pressured me to appoint their solicitor. I paid an on account payment of £225. A few days later, the conveyancer called me embarrassingly acknowledging that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
The deeds to our house can not be found. The solicitors who handled the conveyancing in Gunnersbury 10 years ago are no longer around. What do I do?
These day there are copies made of almost everything, and your solicitor should know exactly where to look for all the appropriate documentation so you can purchase or dispose of your house without any difficulty. If copies are not available, your lawyer can arrange cover in the form of insurance or indemnities against possible claims on your property.
About to purchase a new build apartment in Gunnersbury. 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.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Gunnersbury
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I am hoping to acquire a repression property in Gunnersbury and the bank selling would like to complete inside 28 days. Do conveyancers complete in this timeframe? Am I best advised to use a local Gunnersbury firm or an online organisation that professes to complete quickly?
Attend your Gunnersbury high street. Go in to 3 companies and request to see a conveyancing solicitor for a quote. Explain your requirements and seek assurances on speed. Appoint the one that seems most trustworthy. Make sure to use a conveyancer on the list of conveyancers approved by your mortgage company.