My lawyer has identified a a legal deficiency with the lease for the apartment we are purchasing in Markyate. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor says that he must check that the bank is content with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the lender 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. The appropriate lender specifications must be adhered to.
Is it the case that all Markyate solicitors on the Aldermore conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Aldermore conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Some banks do list licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
Can I be sure that the Markyate conveyancing solicitor on the Yorkshire BS panel is any good?
When it comes to conveyancing in Markyate obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer carrying out your conveyancing.
Bank of Ireland have agreed my home loan in principle, my offer on a property in Markyate has been agreed to, what happens next?
The estate agent will wish to know who your solicitors are (be sure the lawyers are on the lender’s approved list). Telephone Bank of Ireland or the broker and complete any appropriate paperwork. Bank of Ireland will instruct a valuer who will get in touch with the estate agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes about ten days for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Markyate.
Should commercial conveyancing searches disclose impending roadworks that may affect a commercial estate in Markyate?
Its becoming the norm that commercial conveyancing solicitors in Markyate will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Markyate. The report sets out definitive information 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 Markyate.
For each commercial conveyancing transaction in Markyate it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Markyate commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Markyate.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The lawyers who dealt with the conveyancing in Markyate 4 years ago have long since closed. What do I do?
You no longer need to have the physical deeds to prove you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Markyate differ for new build properties?
Most buyers of new build or newly converted property in Markyate contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is built. This is because builders in Markyate typically buy the site, 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 used to new build conveyancing in Markyate or who has acted in the same development.
I am a fortnight into a residential purchase having been directed to a firm by the high street agent to handle our conveyancing in Markyate. I am am very frustrated with the quality of service. Could you you assist me in finding new solicitors?
A conveyancer would need to be very poor to suggest replacing them. Has your mortgage been issued? If so you need to inform them of the new contact details and get the loan are re-sent. Your new solicitor ideally should be on the banks approved list to avoid added fees and frustration. That should be your starting point. Our find a solicitor tool will assist you in finding a lender approved lawyer for your conveyancing in Markyate