Our conveyancer has identified a defect with the lease for the apartment we are purchasing in Taunton. The other side have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancer says 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 potential for 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 conveyancing practitioner will have no choice but to discontinue acting for you.
When looking at online forums for an affordable lawyer in Taunton, many comment that I should look for a CQS accredited lawyer. What is CQS?
Taunton Conveyancing Quality Scheme solicitors have been granted certification under the Law Society's Scheme (CQS) The Law Society introduced CQS to promote high standards in the home moving process. CQS helps home movers to identify practices that provide a quality residential conveyancing. Taunton is one of locations in England and Wales in which CQS are located. The scheme obliges solicitors to undergo a strict assessment, compulsory training, self-certification, spot checks and yearly assessments in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Association of British Insurers.
A colleague advised me that if I am buying in Taunton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Taunton conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Taunton 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 demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Taunton.
The deeds to our house are lost. The conveyancers who did the conveyancing in Taunton 10 years ago have long since closed. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your solicitor will know exactly where to locate all the appropriate paperwork so you can buy or sell your house without any difficulty. If duplicates can’t be located, your conveyancer can arrange cover in the form of insurance or indemnities against future claims on the property.
I am using a search engine for the term cheap conveyancing in Taunton it shows results of numerous conveyancersin the vicinity. How do I determine which is the suitable property lawyer for me?
The ideal method of seeking a suitable conveyancer is through a personal testimonial, so enquire of colleagues and relatives who have acquired a property in Taunton or a reputable estate agent or mortgage broker. Charges for conveyancing in Taunton vary, so it's sensible to obtain at least three fee estimates from different solicitors. Make sure that you know what costs in the quote includes.