Our conveyancer has discovered a a problem with the lease for the apartment we are purchasing in Parsons Green. The other side have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor says that he must ensure that the bank is content with this solution. Who is the client here, us or the lender?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. The appropriate lender provisions must be adhered to.
What can a local search inform me regarding the house I am purchasing in Parsons Green?
Parsons Green conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search plays a central role in most Parsons Green conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
The deeds to my home are lost. The lawyers who did the conveyancing in Parsons Green 4 years ago no longer exist. What are my next steps?
Nowadays there are duplicates made of almost everything, and your lawyer will know exactly where to look for all the relevant paperwork so you can buy or dispose of your property without a hitch. If duplicates can’t be located, your lawyer may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
I am buying a new build house in Parsons Green with a loan from Accord Mortgages Ltd. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not inform my lawyer about the extras as it will adversely affect my mortgage with Accord Mortgages Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As co-executor for the estate of my grandmother I am selling a property in Newport but live in Parsons Green. My conveyancer (approximately 235 miles awayrequires that I sign a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Parsons Green who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Parsons Green based
What happens where there is an issue with the searches carried out as part of my conveyancing in Parsons Green?
Usually, most adverse entries that arise in Parsons Green conveyancing search responses can be dealt with prior to completion or indemnity insurance can be put in place. You should remember that although you intend on acquiring the property and may be willing to live with the search results, your building society or bank may not, and when all said and done they have the word say.