Much to our surprise we have been informed by our lender that my Morden Park property lawyer is not on the lender Conveyancing panel. What can I do to be sure that this is correct?
You need to call your Morden Park conveyancer. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they may recommend you to a Morden Park conveyancing firm that is on the approved list of lawyers for your mortgage company.
Our solicitor has uncovered a defect with the lease for the property we are buying in Morden Park. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that he must ensure that the mortgage company is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements. 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.
I am buying a property and need a conveyancing solicitor in Morden Park who is on the Aldermore conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Aldermore in certain locations such as Morden Park. We dont recommend any particular firm.
Due to the encouragement of my in-laws I had a survey completed on a property in Morden Park before appointing conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies will refuse to issue a mortgage on such a house.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Morden Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Morden Park to see if the conveyancing will be more expensive.
We are a couple of weeks into a residential purchase having been recommend to solicitors by the selling agent to perform conveyancing in Morden Park. I am not happy. Could you help me find new solicitors?
A conveyancer would have to be really bad to suggest replacing them. Has your mortgage offer been sent? If so you need to make them aware of the replacement lawyer and ensure the offer are re-issued. Your conveyancer should be on the mortgage company approved list to avoid supplemental expenses and complications. So that should be your starting point. Our search tool will assist you in finding a bank approved lawyer for your home move in Morden Park