Our lawyer has identified a a problem with the lease for the property we are purchasing in Kidlington. The seller’s lawyers have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that he must be satisfied 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 mortgage company are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions. 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 lawyer will have no choice but to discontinue acting for you.
I just bought a house at auction in Kidlington. Conveyancing is needed. What is next?
Given that you are now legally committed yourself to purchase you will need to hire the services of a conveyancing lawyer soon as you will have a fast approaching deadline in which to complete the property. All auction property will have an associated legal pack. This will likely include evidence of title and search results. If you have purchased leasehold premises the conveyancing pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to leasehold premises. You must give this to the lawyer working for you ASAP. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.
We are aiming to move house in September. Should my conveyancing solicitor call the removal company on the completion day. On a separate note, can you suggest a removal company in Kidlington. Conveyancing solicitor was found prior to coming across your website.
On the afternoon of completion you will need to collect the keys from your property agent however this can only take place after the previous owners lawyers inform the agent that the monies to complete are in and the keys can be passed over. After that you should inform the removal men that they can start moving you in. We do not suggest a particular removal company but can help you choose a conveyancing in Kidlington or a lawyer with expertise in conveyancing in Kidlington.
Is there a list of Santander panel conveyancers in Kidlington on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings open the public over the internet. Where you are looking for a Kidlington conveyancing practitioner on the Santander please make the most of our facility.
What will a local search reveal regarding the property we're purchasing in Kidlington?
Kidlington conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search plays a central role in many a Kidlington conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Kidlington I like with open areas and station in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Kidlington in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
My in 2007. He has since got wed, widowed and in recent months got married again. He will be marketing the property in a couple of months. I think he will simply be need to supply copies of the marriage certificates to the lawyer however he is concerned it will delay the home move. Should he instruct a conveyancing practitioner to update the Land Registry documents for the property?
It is not absolutely necessary to bring up to date the title for the property on the basis that you have the proof needed to show how the change of name occurred.
Any purchaser’s lawyer should check the title information and need evidence to prove the change of name for instance marriage documentation.