We opted for a local lawyer for my conveyancing in Frenchay Common yesterday. Going through the Terms and Conditions I noteI am responsible for costs even if the movedoes not happen. Should I ditch them and select a web based conveyancing company who offer no-sale-no-fee conveyancing in Frenchay Common?
Generally there is a compromise along the lines that if "No Sale No Fee" is available then the conveyancing charges will generally be higher to cover the cases that do not proceed. Also remember that such schemes generally do not cover expenses for example Frenchay Common conveyancing search costs.
My solicitor has identified a a problem with the lease for the flat we are purchasing in Frenchay Common. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor has advised that he must check that the lender is willing to move forward with this solution. Who is the client here, us or the bank?
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 solicitor 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.
Forgive me if this question is silly but I am wet behind the ears as FTB of a garden flat in Frenchay Common. Do I receive the keys to the premises on completion from my conveyancer? If this is the case, I will appoint a High Street conveyancing solicitor in Frenchay Common?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you will be able to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
My offer was accepted on a house in Frenchay Common on 29/11/2024, valuation was booked 4 days after, all came back fine. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Clydesdale and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Clydesdale conveyancing panel. Are Clydesdale entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have instructed a Frenchay Common property lawyer having checked that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Frenchay Common surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I have todaydiscovered that Stirling Law have closed. They carried out my conveyancing in Frenchay Common for a purchase of a leasehold flat 12 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The easiest method to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Frenchay Common conveyancing specialists.
I am using a search engine for the words on line conveyancing in Frenchay Common it shows results of many conveyancersin the area. How do I determine which is the suitable property lawyer for my move?
The ideal method of finding the right conveyancer is via trusted referral, so seek the opinion of friends and family who have bought a property in Frenchay Common or a respected estate agent or mortgage broker. Fees for conveyancing in Frenchay Common differ, so it's sensible to obtain at least four quotes from different conveyancers. Be sure to seek confirmation that the costs are assured not to rise.