I am expecting a offer of a home loan from Santander. I intend to employ the services of a Licensed Conveyancer in Maida Hill. Does the Santander Conveyancing panel exclude conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our Maida Hill solicitor has discovered a difference between the assumptions in the home valuation survey and what is in the conveyancing documents. My solicitor informs me that he is obliged to ensure that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Are the BSA planning on creating a searchable register to to identify solicitors on the Earl Shilton BS conveyancing panel for instance in Maida Hill?
Lexsure has not been advised of any plans on the part of the BSA to develop such a register.
The deeds to our home are lost. The lawyers who did the conveyancing in Maida Hill 10 years ago are no longer around. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your conveyancer should know exactly where to look for all the relevant documentation so you may buy or dispose of your house without a hitch. Where copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
About to purchase a new build flat in Maida Hill. Conveyancing is necessary evil 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 conveyancing.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Maida Hill
There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
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