Our conveyancer has discovered a defect with the lease for the property we are purchasing in Portishead. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancing practitioner has advised that he must check that the mortgage company is happy with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the bank 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 lender are the client. The appropriate lender specifications must be adhered to.
My mortgage company has recommended a law firm on their panel based in Portishead but I would rather use a conveyancing lawyer in Portishead or nearer to where I live. Can you help?
It is by no means the case that all Portishead conveyancing practices are approved and listed on all lender’s conveyancing panel. Use our search tool to find a Portishead conveyancing firm on the on the lender panel.
I am purchasing a property in Portishead. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nottingham be concerned?
As your lender is Nottingham your lawyer must comply with the formal instructions outlined in Section two of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and solicitors are required to report to Nottingham where a lease does not comply with these requirements. The requirements relate to the installation of panels on properties countrywide and is not restricted to Portishead.
I recently had an offer agreed on a house in Portishead. My financial adviser suggested a property lawyer. I paid an upfront payment of £175. A few days later, the solicitor contacted me sheepishly admitting that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am selling my flat. I had a double glazing fitted in October 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Co-operative are being difficult. The Portishead solicitor who is on the Co-operative conveyancing panel is saying indemnity insurance will be fine but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Due to the guidance of my in-laws I had a survey completed on a property in Portishead ahead of appointing lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies may not give a mortgage on this type of home.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Portishead. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my property. My previous lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Portishead if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Portishead. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.