Our lawyer has identified a a legal deficiency with the lease for the property we are buying in Thorpe Astley. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor says that he must be satisfied that the bank is willing to move forward with this solution. Are we the client or is the bank?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the lender are the client. The appropriate lender conditions must be adhered to.
I am assisting my mother sell her house in Thorpe Astley. Does the conveyancer order an EPC or should I organise this?
After the demise of Home Packs, energy performance certificates was maintained a compulsory element of moving house. An EPC must be to hand before the property is advertised. It is not a task that solicitors normally arrange. Where you are instructing a Thorpe Astley conveyancing practitioner they may help arrange energy assessments due to their relationships with reputable local assessors
Are all Thorpe Astley Conveyancing Quality Solicitors on the Yorkshire BS conveyancing list of approved practices?
A selection of banks and building societies now make use of CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
is it true that all Thorpe Astley conveyancing solicitors on the Principality conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Principality conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. The majority of banks do list licenced conveyancers on their panel and in that case the organisation would be governed by the CLC.
I own a 4 bedroom Victorian house in Thorpe Astley. Conveyancing lawyer represented me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the matching address. Is it worth asking Alliance & Leicester to clarify?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Thorpe Astley and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing practitioner who conducted the work.
I am purchasing a new build house in Thorpe Astley benefiting from help to buy. The builders refused to budge the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not to tell my conveyancer about the deal as it could put at risk my mortgage with Britannia. 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.
I decided to have a survey completed on a house in Thorpe Astley before instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some lenders tend refuse to grant a loan on such a premises.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Thorpe Astley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Thorpe Astley to see if the conveyancing costs will increase in light of this.
I have been sourcing a conveyancing practitioner in Thorpe Astley for my home move. Is there any facility to see a firm’s record with the legal regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could monitor call for training purposes.