My conveyancer has identified a defect with the lease for the apartment we are buying in Milton Keynes. The other side have put forward defective title insurance as a workaround. We are content with insurance and will pay for it. Our property lawyer says that he must check that the lender is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender 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.
Completed the sale of my flat in Milton Keynes last June yet the purchaser is calling me to say his lawyer needs to hear from mine. What should have happened following completion?
Following your house sale your lawyer is committed to deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer should also send confirmation that the mortgage has been repaid to the buyers solicitors. There is unlikely to be post completion tasks specific conveyancing in Milton Keynes.
I have a decision in principle. The bank mentioned the loan came with free conveyancing. Does this mean I have to use their panel conveyancer as I would much rather use a Milton Keynes based conveyancing firm?
You should check but the the likelihood is that allocate you one of their panel lawyers should you want the "fee-free" incentive. Call the lender and see if they make available a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Milton Keynes.
I used Stirling Law several years past for my conveyancing in Milton Keynes. I now require my file however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Milton Keynes of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
About to purchase a new build apartment in Milton Keynes. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Milton Keynes
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Am I best advised to instruct a Milton Keynes conveyancing lawyer based in the location that I am purchasing? I have an old university friend who can carry out the conveyancing but her office is 200kilometers away.
The primary upside of using a local Milton Keynes conveyancing firm is that you can pop in to execute paperwork, hand in your identification documents and apply pressure on them if necessary. They will also have local insight which is a benefit. However it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and they were impressed that must outweigh using an unfamiliar Milton Keynes conveyancing solicitor solely due to them being local.