My conveyancer has uncovered a defect with the lease for the property we are purchasing in Frampton Cotterell. The other side have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our property lawyer says that he must be satisfied that the lender is happy with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. The appropriate lender provisions have to be complied with.
Are the Frampton Cotterell conveyancing solicitors identified as being on the Skipton conveyancing panel, together with their details provided by Skipton?
Frampton Cotterell conveyancing firms themselves provide us confirmation that they are on the Skipton conveyancing panel as opposed to being supplied with a list from Skipton directly.
Me and my brother purchased a semi-detached Georgian house in Frampton Cotterell. Conveyancing practitioner acted for me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Frampton Cotterell and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing lawyer who carried out the work.
How does conveyancing in Frampton Cotterell differ for newly converted properties?
Most buyers of new build residence in Frampton Cotterell come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because builders in Frampton Cotterell tend to purchase 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 conveyancing solicitors 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 used to new build conveyancing in Frampton Cotterell or who has acted in the same development.
I need to instruct a conveyancing solicitor for my conveyancing in Frampton Cotterell. I happened to chance upon a web site which appears to be the ideal solution If it is possible to get all this stuff done via email that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?