My conveyancer has identified a defect with the lease for the flat we are purchasing in Werrington. The other side have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our property lawyer says that he must check that the lender is content with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions. 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 property lawyer will have no choice but to discontinue acting for you.
We are planning to acquire a flat and require a conveyancing solicitor in Werrington who is on the Nottingham solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Werrington.
Me and my brother own a 4 bedroom Edwardian property in Werrington. Conveyancing solicitor represented me and Alliance & Leicester . I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Alliance & Leicester to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Werrington and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
We are 14 days into a residential purchase having been recommend to conveyancers by the selling agent to handle our conveyancing in Werrington. I am am starting to be frustrated with the level of service. Could you you assist me in finding new conveyancers?
They would have to be very bad to suggest replacing them. Has the loan offer been issued? In the event that it has you need to inform them of the new contact details and have the offer are re-sent. Your new solicitor ideally needs to be on the lenders approved list to avoid supplemental costs and frustration. So that should be your first question of the new solicitors. Our find a solicitor tool should help you find a bank approved lawyer for your conveyancing in Werrington
I need to switch lawyers as my Werrington lawyer is not on the bank's approved list of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet appointed a solicitor to commence the conveyancing and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Werrington that you're thinking of instructing.