Our lawyer has uncovered a a problem with the lease for the flat we are buying in Southsea. The other side have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor has advised that he must be satisfied that the lender is willing to move forward with this solution. Who is the client here, us or the lender?
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 mortgage company are the client. The appropriate lender conditions have to be complied with.
We are due to move home in June. Should my conveyancing solicitor call the removal company on the completion day. Incidentally, can you suggest a removal company in Southsea. Conveyancing solicitor was chosen prior to coming across your page.
On the day of completion you can pick up the keys from your property agent but this can only occur once the previous owners lawyers inform the agent that the monies to complete are in and the keys can be passed over. Subsequently you should tell the removal company that they can start moving you in. We are not in a position to recommend a specific removal organisation but can assist you in locating a conveyancing in Southsea or a lawyer that specialises in conveyancing in Southsea.
When it comes to lenders such as RBS, do Southsea conveyancers incur a yearly amount to be on the list of approved solicitors?
We are unaware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
After much negotiation I have agreed a price on a house in Southsea. My mortgage broker suggested a solicitor. I paid an upfront payment of £200. Soon after, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Santander 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 Santander 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.
It has been three months since my purchase conveyancing in Southsea concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What tools are available to identify a Southsea law firm on the HSBC Bank conveyancing panel? I have a car and am happy to travel upto 25kilometers to meet the lawyer.
Feel free to make use of the search on this page. Please choose the mortgage company and your location and you will see a number of Southsea conveyancing lawyers based on proximity. We have listed some Southsea conveyancing firms at the bottom of this page and you can call them to check whether they are on the HSBC Bank member panel
My brother has suggested that I appoint his conveyancing solicitors in Southsea. Do I follow his advice?
Much as we are happy to recommend a Southsea conveyancing lawyer the best way to choose a conveyancing practitioner is to seek referrals from friends or relatives who have experience in using the firm that you are are thinking of instructing.