Our conveyancer has uncovered a a problem with the lease for the apartment we are buying in Fairlop. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will pay for it. Our says that he must be satisfied that the mortgage company is happy with this solution. Are we the client or is the lender?

The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your 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 will have no choice but to discontinue acting for you.

Do I need to take out insurance to address the risk of chancel repairs when buying a house in Fairlop?

Unless a prior acquisition of the house completed post 12 October 2013 you may take it that solicitors conducting conveyancing in Fairlop to continue to advocate a chancel search and or chancel repair liability policy.

How does conveyancing in Fairlop differ for newly converted properties?

Most buyers of new build premises in Fairlop come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Fairlop typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Fairlop or who has acted in the same development.

What tools are available to identify a Fairlop solicitor on the conveyancing panel? I have a car and am happy to travel upto 10kilometers to meet the lawyer.

You can use the tool on this website. Please select a lender and your location and you will see a number of Fairlop conveyancing lawyers locally. We have listed some Fairlop conveyancing firms towards the end of this page and you can ring them to see whether they are on the panel

Is it true that a Fairlop conveyancing firm taken to court by clients for not carrying out the right conveyancing searches?

Our attention has not be brought to such a Fairlop conveyancing matter but it has been reported that, clients purchasing a house in Cumbria successfully sued their due to development permission to erect a wind farm failing to be identified in conveyancing searches.

If you are purchasing in Fairlop It is critical that your carry out all Fairlop conveyancing searches needed to ensure you have relevant and current information before buying a property.