Our solicitor has uncovered a defect with the lease for the flat we are buying in Tring. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our has advised that he must be satisfied that the lender is content with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your 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 mortgage company 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 the Building Society Association intend to launch a searchable register to to identify solicitors on the conveyancing panel for instance in Tring?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
A relative suggested that where I am purchasing in Tring I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Tring conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Tring around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Tring Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Tring.
I have recentlybecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Tring for a purchase of a leasehold flat 9 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Tring conveyancing specialists.
My brother-in-law has suggested I instruct a conveyancing solicitor in Tring. I need to find out if they are listed on the lender's approved list of lawyers. Could you assist?
You should contact the solicitor to check if they are on the lender's approved list. If that does not help call us and we can investigate and revert. Should the firm not be on the bank panel we can certainly arrange a specialist conveyancing solicitor in Tring on the approved list for your mortgage company.