I am obtaining a mortgage offer from Lloyds. My intention is to employ the services of a Licensed Conveyancer in Hedge End. Does the Lloyds Solicitor panel include conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My conveyancer has identified a a legal deficiency with the lease for the apartment we are purchasing in Hedge End. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor says that he must check that the bank is willing to move forward with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancing practitioner 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 property lawyer will have no choice but to discontinue acting for you.
Do I have to visit the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Hedge End so that I can pop in to their offices if required.
Nowadays conveyancing panel lawyers for lenders conduct their communications via the post, internet or over the phone. This means that they can undertake the conveyancing transaction regardless of where you live in England or Wales. However you can see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
Will commercial conveyancing searches disclose impending roadworks that could affect a commercial premises in Hedge End?
Its becoming the norm that commercial conveyancing solicitors in Hedge End will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Hedge End. The report 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 Hedge End.
For every commercial conveyancing transaction in Hedge End it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Hedge End commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Hedge End.
I have been on the look out for a ground for flat up to £305k and found one round the corner in Hedge End I like with open areas and transport links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Hedge End suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I need to instruct a conveyancing solicitor for my conveyancing in Hedge End. I happened to land on a site which appears to be the perfect solution If there is a chance to get all the legals done via email that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?