Our solicitor has uncovered a defect with the lease for the flat we are buying in Mortlake. The other side have suggested defective title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that he must be satisfied that the bank is happy with this solution. Who is the client here, us or the lender?
Even though you have a mortgage offer from the mortgage company 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 conditions. You and the bank are the client. The appropriate lender conditions must be adhered to.
As someone with no idea as to the Mortlake conveyancing process what is your top tip you can give me concerning the home moving process in Mortlake
Not many law firms or advisers will tell you this but conveyancing in Mortlake and elsewhere in South West London is an adversarial process. Put another way, when it comes to conveyancing there exists plenty of opportunity for friction between you and other parties involved in the ownership transfer. For instance, the seller, property agent and on occasion the lender. Appointing a lawyer for your conveyancing in Mortlake should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the process whose role it is to look after your best interests and to keep you safe.
On occasion a third party with a vested interest may attempt to sway you that you should follow their advice. For instance, the selling agent may claim to be helping by suggesting your solicitor is slow. Or your financial adviser may tell you to do something that is against your solicitors guidance. You should always trust your lawyer above all other parties in the home moving process.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial premises in Mortlake?
Its becoming the norm that commercial conveyancing solicitors in Mortlake will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Mortlake. The search result provides 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 Mortlake.
For each commercial conveyancing transaction in Mortlake it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Mortlake commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Mortlake.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who handled the conveyancing in Mortlake 4 years ago are no longer around. What do I do?
These day there are copies made of almost everything, and your conveyancer should be aware exactly where to locate all the appropriate documentation so you can buy or dispose of your property without a hitch. Where duplicates are not available, your lawyer can arrange cover in the form of insurance or indemnities protecting you against future claims on the premises.
What tools are available to search for a Mortlake solicitor on the HSBC Bank conveyancing panel? I drive a motor bike and am happy to travel upto 10miles to meet the lawyer.
Feel free to make use of the tool on this page. Please select a bank and your location and you will see a number of Mortlake conveyancing lawyers located nearest you. We have detailed some Mortlake conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the HSBC Bank panel
Planning to exchange soon on a garden flat in Mortlake. Conveyancing solicitors assured me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Mortlake should include some of the following:
Are pets allowed in the flat? The total ownership of the property. This may be the flat itself but may include a roof area or basement if appropriate. Who has the liability for repairing the window frames You need to be advised what counts as a Nuisance as far as the lease is concerned How long the lease is. You should receive guidance as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years
My wife and I have hit a brick wall in negotiating a lease extension in Mortlake. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to calculate the price payable.
An example of a Freehold Enfranchisement case for a Mortlake flat is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case was in relation to 3 flats. The unexpired term was 66.25 years.