Our conveyancer has identified a defect with the lease for the flat we are purchasing in Frizington. The other side have put forward title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that he must ensure that the lender is content with this solution. Are we the client or is the bank?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements 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 lender are the client. The appropriate lender requirements must be adhered to.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would prefer to appoint a specialised conveyancing solicitor in Frizington?
Do check but the the likelihood is that allocate you one of their panel lawyers if you want the "fee-free" offer. Call the bank to determine if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Frizington.
I used Arc property Solicitors several years ago for my conveyancing in Frizington. I now require my file but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Frizington of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Frizington differ for new build properties?
Most buyers of new build premises in Frizington come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Frizington tend to buy 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 Frizington or who has acted in the same development.
Do online conveyancing companies do everything a local Frizington solicitor does or do I still need to use a solicitor for the final stages for my conveyancing in Frizington?
If you use an online conveyancer they should cover all the things your Frizington conveyancer would cover.