Our solicitor has identified a a legal deficiency with the lease for the flat we are purchasing in South West London. The other side have suggested defective title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that he must ensure that the lender is happy with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their specifications 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 provisions must be adhered to.
It is a dozen years since I acquired my house in South West London. Conveyancing lawyers have just been appointed on the sale but I am unable to find my title documents. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be retained by the lender or they could still be with the solicitor who handled the purchase. Secondly in most cases the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Almost all conveyancing in South West London relates to registered property but in the rare situation where your property is not registered it is more tricky but is not insurmountable.
Are the BSA intent on creating a online directory to to identify firms on the Coventry BS conveyancing panel for instance in South West London?
We have not been informed any plans on the part of the BSA to develop such a tool.
I have recentlydiscovered that Action Conveyancing have closed. They carried out my conveyancing in South West London for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of South West London conveyancing specialists.
What does commercial conveyancing in South West London cover?
South West London conveyancing for business premises incorporates a wide range of guidance, given by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
In searching the web for the phrase cheap conveyancing in South West London it shows results of numerous property lawyersin the area. How do I determine which is the suitable property lawyer for purchase transaction?
The preferential method of finding the right conveyancer is through a trusted testimonial, so ask colleagues and relatives who have acquired a property in South West London or the respected estate agent or financial adviser. Charges for conveyancing in South West London differ, so it's advisable to obtain at least three fee estimates from varying types of property lawyers. Be sure to secure confirmation what costs in the quote includes.