Our solicitor has discovered a a problem with the lease for the property we are buying in Upney. The other side have offered defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancer has advised that he must ensure that the bank is happy with this solution. Who is the client here, us or the bank?
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 lawyer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank 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 conveyancer will have no choice but to discontinue acting for you.
My brother-in-law has suggested I instruct a conveyancing solicitor in Upney. I I would like to check if they are accepted on the HSBC Bank approved list of lawyers. Could you assist?
The first thing you should do is e-mail your conveyancer and enquire if they can act for the bank. Otherwise please get in touch with HSBC Bank who may be able to assist.
The deeds to our house can not be found. The conveyancers who conducted the conveyancing in Upney 5 years ago have long since closed. What are my next steps?
These day there are copies made of almost everything, and your lawyer should be aware precisely where to look for all the appropriate paperwork so you may purchase or sell your house without any difficulty. Where duplicates can’t be located, your lawyer can put in place insurance or indemnities protecting you against future claims on your property.
Due to the advice of my in-laws I had a survey completed on a property in Upney in advance of instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies may not give a loan on this type of house.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Upney. Conveyancing may be slightly more expensive based on your lender's requirements.
I am a sole trader intending to lease a unit on the high street. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Upney for under £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Upney, including the sale and acquisition of businesses as well as simply property. If you are hoping to buy or sell a shop, pub, restaurant, office, retail unit or a complete business we can find you the right firm. Regarding the charges these will vary based on the structure and nuances of the proposed transaction. Please provide us with your contact information or call so as to enable us to furnish you with comprehensive commercial conveyancing calculation.
I happen to be an executor of my recently deceased mum’s Will, with a bungalow in Upney which is to be marketed. The bungalow is unregistered at HMLR and I'm advised that some EAs will insist that it is done before they will proceed. What's the mechanism for this?
In the circumstances you refer to it seems advisable to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.