My solicitor has discovered a a problem with the lease for the apartment we are purchasing in Hyde. The seller’s lawyers have suggested defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our property lawyer says that he must check that the mortgage company is content with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications 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 mortgage company are the client. The appropriate lender requirements must be adhered to.
At what point does exchange of contracts take place for purchase conveyancing in Hyde and do I need to attend the conveyancers branch?
Where you are local to one of the conveyancing solicitors in Hyde you are welcome to attend to sign documents. However, the lender approved solicitors we recommend supply a national conveyancing service and provide as equally diligent and professional a job for you when communicating with you electronically. The executing of the purchase agreement is not when everything is set in stone. A signed contract simply enables the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hyde)to be in the office available at the end of the phone to exchange contracts.
I have been told by my conveyancer that lack of building regulations insurance is needed on my purchase. What is the level of cover for Hyde conveyancing?
The right level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between Birmingham Midshires and Coventry Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
We previously instructed solicitors locally in Hyde on the Kent Reliance solicitor panel. They have just billed me a further fee for dealing with the Kent Reliance mortgage. Is this an additional conveyancing fee specified by Kent Reliance?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your property lawyer can charge a fee for this. The charge is not set by Kent Reliance but by your Hyde property lawyer. Numerous firms on the Kent Reliance panel will quote ’dealing with mortgage’ fee but some practices include it on their overall fee.
My fiancee and I are at the point of looking at flats in Hyde and I am now considering a potential offer. Should I already have a lawyer in place at this stage? I intend to finance via a home loan with Kent Reliance.
It would be advisable to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are getting a mortgage with Kent Reliance, ask your prospective lawyers if they are on the Kent Reliance conveyancing panel otherwise they can't do the mortgage legal work.
I used Stirling Law several years ago for my conveyancing in Hyde. Now, I need my documents however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hyde of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking into buying my first house which is in Hyde and I am already nervous. I couldn't find anything specific about Hyde. Conveyancing will be needed in due course but do you know about the Hyde area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hyde. In the meantime here are some basic statistics that we found