I instructed a local lawyer for my conveyancing in Summerhill recently. Looking through the Terms it is apparent thatwe are responsible for charges even where the conveyance does not complete. Would I be best advised to select an on-line firm promising no-sale-no-fee conveyancing in Summerhill?
It is usually ‘give and take’ in that if "No Completion No Fee" is available then the fee levels will generally be more expensive to neutralise those transactions that do not go ahead. Please beware that such arrangements tend not to cover outlay e.g. Summerhill conveyancing search charges.
My solicitor has identified a a legal deficiency with the lease for the apartment we are purchasing in Summerhill. The other side have put forward defective title insurance as a workaround. We are content with insurance and will pay for it. Our property lawyer has advised that he must be satisfied that the mortgage company is happy with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions 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. The appropriate lender conditions must be adhered to.
My colleague suggested that if I am buying in Summerhill I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Summerhill conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Summerhill around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Summerhill.
Due to the advice of my in-laws I had a survey completed on a property in Summerhill ahead of retaining solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some mortgage companies may not give a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to telephone us we can look into this further with 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 Summerhill. Conveyancing will be smoother if you use a solicitor in Summerhill especially if they are familiar with such properties in Summerhill.
My husband and I are a couple of weeks into a leasehold purchase having been directed to a firm by the estate agent to perform conveyancing in Summerhill. We are not happy. Could you help me find new lawyers?
A solicitor would need to be really poor in order to consider diss instructing them. Has the mortgage been generated? If so you must advise them of the new contact details and get the mortgage documents are issued to the new lawyers. Your solicitor ideally should be on the banks panel to avoid added charges and complications. That should be your starting point. The find a solicitor tool can help you find a bank approved solicitor for your home move in Summerhill