My lawyer has discovered a a legal deficiency with the lease for the property we are buying in Erdington. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must be satisfied that the mortgage company is willing to move forward with this solution. Are we the client or is the lender?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions 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 bank are the client. The appropriate lender requirements have to be complied with.
Can your site be used to find a Conveyancing solicitor in Erdington even where I’m not buying or selling a house, for example where I intend to acquire a shop in Erdington with a loan from Bank of Ireland?
Our comparison service is predominantly there to find domestic conveyancing solicitors in Erdington but we have listed towards the end of this page some Erdington commercial conveyancing firms. You should enquire with the solicitors directly to establish if they can also act for Bank of Ireland
I am purchasing a terraced house in Erdington. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Erdington you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Erdington.
Due to the guidance of my in-laws I had a survey completed on a property in Erdington in advance of instructing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks will refuse to grant a loan on this type of property.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Erdington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Erdington to see if the conveyancing will be more expensive.
We're new to the buying process - agreed a price, but the property agent informed us that the seller will only go ahead if we use their chosen conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a family solicitor with experience of conveyancing in Erdington
We suspect that the seller is unaware of this requirement. If they require ‘a quick sale', taking such a hostile approach to a serious buyer is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you are going to use your preferred Erdington conveyancing lawyers - not the ones that will give the negotiator at the agency a introducer fee or meet his conveyancing thresholds demanded by senior management.