My solicitor has uncovered a defect with the lease for the apartment we are buying in Thorpe Astley. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor says that he must check that the lender is willing to move forward with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your conveyancer 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 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 property lawyer will have no choice but to discontinue acting for you.
Finally the sale completed on my house in Thorpe Astley last May yet the purchaser is Skype messaging me to moan that her solicitor needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your disposal your conveyancer should deliver the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also confirm that the mortgage has been repaid to the purchasers conveyancers. There is unlikely to be post completion steps peculiar conveyancing in Thorpe Astley.
Various online forums that I have visited warn that are a common cause of obstruction in Thorpe Astley house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Thorpe Astley.
How does conveyancing in Thorpe Astley differ for new build properties?
Most buyers of new build or newly converted property in Thorpe Astley approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Thorpe Astley usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Thorpe Astley or who has acted in the same development.
Are there any apps to assist me to search for a Thorpe Astley law firm on the Santander conveyancing panel? I am a keen cyclist and am prepared to travel upto 10miles to meet the conveyancer.
You can use the facility on this website. Please select a bank and your location and you will see a number of Thorpe Astley conveyancing lawyers based on proximity. We have detailed some Thorpe Astley conveyancing firms towards the end of this page and you can contact them to check whether they are on the Santander approved list
My cousin has suggested that I use his conveyancing solicitors in Thorpe Astley. Should I use them?
There are no two ways about it the best way to find a conveyancing solicitor is to seek guidance from friends or relatives who have experience in using the firm you're considering.