My fiance and I are intent on purchasing a leasehold flat in Tilehurst. My Conveyancer has never been on on the lender solicitor list. Am I still permitted to continue with my Tilehurst conveyancing solicitor even though they are excluded from the mortgage company list of approved lawyers?
Various options include
- Proceed with your preferred Tilehurst property lawyer but your mortgage company will undoubtedly retain a conveyancing practitioner from their conveyancing panel. This will result in additional cost and probable interruption.
- Get a new property lawyer to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Convince your lawyer to do everything within their powers to get listed on the mortgage company panel of solicitors
My brother and I have lately bought a property in Tilehurst. We have since encountered a number of problems with the property which we suspect were omitted in the conveyancing searches. Do we have any recourse? What searches should? have been carried out for conveyancing in Tilehurst?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Tilehurst. Conveyancing searches and investigations initiated as part of the buying process are supposed to help avoid problems. As part of the process, the vendor answers a document referred to as a SPIF. If the information ends up being misleading, you may have a misrepresentation claim against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Tilehurst.
My brother-in-law has suggested I instruct a conveyancing solicitor in Tilehurst. I I would like to check whether they are on the The Mortgage Works approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing you should do is phone the conveyancer and enquire whether they are on the lender panel. Alternatively you can call The Mortgage Works who may be able to confirm.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Tilehurst I like with a park and transport links in the vicinity, however it's only got 52 years on the lease. I can't really find anything else in Tilehurst in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan that many years will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
What does commercial conveyancing in Tilehurst cover?
Tilehurst conveyancing for business premises covers a broad array of advice, offered by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.