Our conveyancer has uncovered a a problem with the lease for the apartment we are buying in Putney Vale. The other side have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that he must be satisfied that the bank is happy with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank 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 property lawyer will have no choice but to discontinue acting for you.
My mortgage company has recommended a law firm on their panel based in Putney Vale but I would rather instruct a conveyancing lawyer in Putney Vale round the corner to me. Can you assist?
The minority of Putney Vale conveyancing practitioners are on all lender’s conveyancing panel. Please make the most of the above search tool to identify a Putney Vale conveyancing solicitor on the on the bank panel.
I am purchasing a new build house in Putney Vale with a loan from Virgin Money. The sellers would not reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not inform my conveyancer about this extras as it could adversely affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Putney Vale and how can you help?
The 1954 Act gives protection to commercial tenants, giving them the legal entitlement to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and assist with commercial conveyancing in Putney Vale
We're FTB’s - had an offer accepted, yet the estate agent has warned us that the owners will only go ahead if we use their chosen lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is familiar with conveyancing in Putney Vale
We suspect that the seller is unaware of this requirement. Should the owner desire ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Speak to the owners direct and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Putney Vale conveyancing solicitors - rather thanthose that will earn their negotiator at the agency a kickback or hit his conveyancing figures set by senior management.
I require the services of a mortgage company panel solicitor in Putney Vale. Could you help me?
Unfortunately it’s not apparent why you need a Putney Vale panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Putney Vale are on their panel . If you do find such a firm in Putney Vale not listed please direct them to our site to list. After all the cost is only one £1 a month