My conveyancer has identified a a legal deficiency with the lease for the apartment we are buying in Gunnislake. The seller’s lawyers have offered defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that he must ensure that the bank is happy with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your 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.
Why do I have to pay up front for my conveyancing in Gunnislake?
Where you are retaining lawyers for conveyancing in Gunnislake your solicitor will request that you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the sale price then this should be needed immediately ahead of exchange of contracts. The final balance that is needed should be transferred shortly before completion.
My bank has recommended solicitors on their panel based in Gunnislake but I would rather choose a conveyancing lawyer in Gunnislake or nearer to where I live. Can you help?
Far from all Gunnislake conveyancing practitioners are approved and listed on all banks conveyancing panel. Please make the most of our search tool to locate a Gunnislake conveyancing conveyancer on the on the mortgage company panel.
Is it the case that all Gunnislake CQS (Conveyancing Quality Scheme) solicitors are on the Bank of Ireland conveyancing list of approved practices?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
Last month we had a mortgage agreed in principle with Bank of Ireland. Gunnislake conveyancing lawyers are selected. How long does it take for Bank of Ireland to forward the offer to the conveyancer?
There is no definitive answer here. Have Bank of Ireland conducted the survey? Have you informed Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Skipton. I assume I don't need a Gunnislake lawyer on the Skipton panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
What does a local search tell me concerning the house my wife and I purchasing in Gunnislake?
Gunnislake conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search plays a central part in many a Gunnislake conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search will provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I have recentlybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Gunnislake for a purchase of a leasehold apartment 10 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is registered to you, you can make 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 Gunnislake conveyancing specialists.