My lawyer has discovered a a problem with the lease for the apartment we are buying in Preston. The seller’s lawyers have offered defective title insurance as a solution. We are happy with insurance and will cover the costs. Our conveyancing practitioner says that he must ensure that the lender is content with this solution. Are we the client or is the lender?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions 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 lender are the client. These conveyancing instructions have to be complied with.
Do the Building Society Association intend to launch a online directory to to identify law firms on the Loughborough BS conveyancing panel for example in Preston?
Lexsure has not been advised of any intention on the part of the BSA to develop such a search facility.
My relative advised me that if I am buying in Preston I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Preston conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Preston around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Preston.
Are there any apps to assist me to identify a Preston solicitor on the Bank of Ireland conveyancing panel? I have wheels and am willing to travel upto 20miles to meet the conveyancer.
You can use the search on this website. Please pick a lender and your location and you will see a number of Preston conveyancing lawyers located nearest you. We have listed some Preston conveyancing firms towards the end of this page and you can call them to verify whether they are on the Bank of Ireland panel
We're new to the buying process - agreed a price, yet the property agent advised that the owners will only move forward if we appoint the agent's preferred solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a family conveyancer who is familiar with conveyancing in Preston
It is unlikely the vendors are behind this. If they desire ‘a quick sale', turning down a serious buyer is likely to cause more damage than good. Try to communicate with the vendors directly and make the point that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your preferred Preston conveyancing firm - not the ones that will earn the negotiator at the agency a introducer fee or meet his conveyancing targets pre-set by HQ.
My lawyers in Preston have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.