My conveyancer has identified a defect with the lease for the apartment we are buying in Streatham. The other side have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer says that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the bank 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 requirements. You and the mortgage company are the client. The appropriate lender conditions have to be complied with.
My colleague advised me that where I am purchasing in Streatham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Streatham conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Streatham 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 demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Streatham.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Streatham is where the house is located. Can you offer any assistance?
Flying freeholds in Streatham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Streatham you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Streatham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am selling my house. My previous conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Streatham if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Streatham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
My brother has suggested that I instruct his lawyers for conveyancing in Streatham. Do I follow his advice?
There are no two ways about it the best way to select a conveyancing solicitor is to seek guidance from friends or relatives who have actually experience in using the firm you're are thinking of instructing.
Finally our conveyancing in Streatham completes this Friday, yet the sellers I am purchasing from has asked to move out on the Saturday midday. Can I accept such a idea?
You can't complete on a Saturday due to the bank systems aren't operating.