Our conveyancer has identified a a problem with the lease for the apartment we are purchasing in Taunton. The other side have put forward defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that he must check that the lender is content with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender 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 conveyancing practitioner will have no choice but to discontinue acting for you.
I purchased a freehold house in Taunton yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Taunton and has limited impact for conveyancing in Taunton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
We just had an offer accepted to buy with Darlington Building Society. I dropped in 3 or 4 high street firms yet am unable to find a Taunton conveyancing firm on the Darlington Building Society panel. Can you assist?
Feel free to take advantage of the search tool on this page. Pick the lender and type Taunton or your location and you will be presented with a number of lawyer located in Taunton or by proximity to you.
I am due to move house in October. Does my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you suggest a removal company in Taunton. Conveyancing lawyer was chosen before I stumbled across your site.
On the afternoon of completion you will need to collect the keys from the property agent but this should only occur once the vendors solicitors confirm to the agent that they have the completion monies and the keys can be collected. Subsequently you will need to inform the removal men that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can assist you in locating a residential property solicitor in Taunton or a legal practice that specialises in conveyancing in Taunton.
Last month we had a mortgage agreed in principle with UBS. Taunton conveyancing solicitors were instructed. What is the average time that one could expect to receive a mortgage offer from UBS?
Some lenders take longer than others. Have UBS done the valuation? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer agreed on an apartment in Taunton. My financial adviser pressured me to appoint their property lawyer. I paid an advanced payment of £150. A couple of days later, the property lawyer contacted me to say that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Taunton is where the house is located. What do you suggest?
Flying freeholds in Taunton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Taunton you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Taunton may determine 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 residence.
There are a lot of houses in Taunton on unadopted roads. We are acquiring one such property. What are the advantages and disadvantages of buying a house on a privately owned road?
Taunton conveyancing lawyers are used to dealing houseson unadopted roads. The solicitor should review the Land Registry data to find any rights or liabilities. It is possible that there is a residents association that residents pay into for the upkeep of the road. If there is one, the road will likely be maintained and look better than council maintained.