I am obtaining a offer of a home loan from Lloyds. I would like to employ the services of a Licensed Conveyancer in Manor Park. Does the Lloyds Solicitor panel include Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Our conveyancer has uncovered a defect with the lease for the apartment we are purchasing in Manor Park. The other side have put forward title insurance as a solution. 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. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the bank are the client. These conveyancing instructions have to be complied with.
I have todayfound out that Wolstenholmes have closed. They conducted my conveyancing in Manor Park for a purchase of a leasehold flat 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest way to check if the property is registered to you, you can carry out 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 Manor Park conveyancing specialists.
How does conveyancing in Manor Park differ for new build properties?
Most buyers of new build property in Manor Park approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Manor Park tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Manor Park or who has acted in the same development.
I have been pointed in your direction by a few selling agents in Manor Park to select a conveyancer on your site. Is there a financial inducement for Estate Agents to recommend your lawyers over a competitor’s?
We refuse to give any referral fee for directing people in our direction. We found it would be just too difficult a fee as members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My step-father has urged me to appoint his conveyancers in Manor Park. Do I take his guidance?
No doubt the best way to find a conveyancing practitioner is to have feedback from friends or relatives who have actually experience in using the conveyancer that you are are thinking of instructing.