My solicitor has uncovered a a legal deficiency with the lease for the flat we are purchasing in Hatton. The seller’s lawyers have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our property lawyer says that he must check that the lender is content with this solution. Who is the client here, us or the mortgage company ?
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. Your solicitor must comply with the UK Finance Lenders’ Handbook conditions. 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 conveyancing practitioner will have no choice but to discontinue acting for you.
I can see plenty of information on this site concerning conveyancing in Hatton but what is your top tip for finding the right conveyancer in Hatton
Do not opt for the cheapest Hatton conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My wife and I are spending time viewing houses in Hatton and I am about to put in an offer. Should I already have a property lawyer appointed at this stage? I intend to finance via a home loan with Yorkshire BS.
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 Yorkshire BS, ask your prospective lawyers if they are on the Yorkshire BS conveyancing panel otherwise they can't do the mortgage legal work.
After shopping around on the internet I have found a Hatton conveyancer having checked that they are on the Yorkshire BS conveyancing panel. Does my lawyer arrange the survey of the property?
Yorkshire BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Yorkshire BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Hatton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
4 months have gone by following my purchase conveyancing in Hatton took place. I have checked the Land Registry website which shows that I paid £150,000 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 property 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 have been on the look out for a flat up to £245,000 and found one close by in Hatton I like with a park and railway links nearby, the downside is that it only has 49 remaining years left on the lease. There is not much else in Hatton in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years may be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
Taking into account that I am about to spend £400,000 on a house in Hatton I wish to have a conversation with the lawyer concerning theconveyancing in advance of appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your conveyancing in Hatton.There is no ‘factory style conveyancing’ - every client is unique person, not a file reference. The law firms that we put you in touch with believe that the fees you are provided with for residential conveyancing in Hatton should be the amount on the final invoice that you end up paying.
Please can you refer me to a property lawyer for buying a house? Ideally someone in Hatton, who will communicate via email - not someone who insists on slow mail or fax.
The purpose of this site is limited to being a directory service for conveyancers who wish to be listed as being on the approved conveyancing panel for Clydesdale in certain areas for instance Hatton . Our intention is not to recommend any specific property lawyer.