Our solicitor has discovered a a legal deficiency with the lease for the flat we are purchasing in Chippenham. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our property lawyer has advised that he must ensure that the bank 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 risk of a conflict of interest, you and the lender are the client. Your conveyancing practitioner 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 mortgage company 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.

Do lawyers request money up-front when it comes to conveyancing in Chippenham?

Where you are retaining lawyers for conveyancing in Chippenham your solicitor will ask you place them with funds to cover the the cost of the conveyancing searches. Ordinarily this is called for to cover the fees of the conveyancing searches. When the deposit is payable against the sale price then this will be required immediately ahead of exchange of contracts. The closing balance that is needed should be transferred a few days prior to the completion date.

I had intended to instruct a conveyancing solicitor in Chippenham for our house move. Our financial adviser informed us that our mortgage company Chelsea Building Society won't deal with them. Why is this not regarded as unfair competition?

A mortgage company will direct that an approved conveyancer act for it. Borrowers are liable to meet the cost of this. Try using our directory service to select a solicitor to conduct conveyancing in Chippenham on the Chelsea Building Society approved list of solicitors.

Will commercial conveyancing searches disclose proposed roadworks that could impact a commercial estate in Chippenham?

Its becoming the norm that commercial conveyancing solicitors in Chippenham will conduct a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Chippenham. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chippenham.

For each commercial conveyancing transaction in Chippenham it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can result in delays to Chippenham commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Chippenham.

I am purchasing a maisonette with all finances in place. I have provided solicitor with two separate evidence of photographic ID, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer acknowledging that the money is in place and that it has come from inheritance and not dealing E's in Ibiza.

For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Chippenham conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.