Our solicitor has uncovered a a problem with the lease for the flat we are buying in Seven Sisters. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer says that he must check that the bank is willing to move forward with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements 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. These conveyancing instructions have to be complied with.
Can I be sure that the Seven Sisters conveyancing solicitor on the Bank of Ireland panel is any good?
When it comes to conveyancing in Seven Sisters getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your transaction.
We were going to get a AIP from Aldermore this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Seven Sisters solicitors on the Aldermore conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Seven Sisters solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
I am selling my house. I had a double glazing fitted in November 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Nottingham are being pedantic. The Seven Sisters solicitor who is on the Nottingham conveyancing panel is saying indemnity insurance will be fine but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham 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.
Should commercial conveyancing searches disclose planned roadworks that could impact a commercial premises in Seven Sisters?
Its becoming the norm that commercial conveyancing solicitors in Seven Sisters will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Seven Sisters. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Seven Sisters.
For every commercial conveyancing transaction in Seven Sisters it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Seven Sisters commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Seven Sisters.
I was recommended by a number of estate agents in Seven Sisters to get a quote from a solicitor on your site. What’s the financial inducement for Estate Agents to recommend your lawyers rather than alternative conveyancing organisations?
We don’t make any referral fee for sending work in our direction. We found it would be just too difficult a fee as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
What type of premises does your Seven Sisters conveyancing quotes apply to?
Our conveyancing quotes are only appropriate to standard domestic premises in England & Wales. Where you have any different requirements for example industrial or agricultural property or commercial conveyancing in Seven Sisters please contact us to discuss this further .