Our conveyancer has discovered a defect with the lease for the property we are purchasing in Upton Upon Severn. The other side have put forward title insurance as a solution. We are happy with insurance and will cover the costs. Our property lawyer says that he must check that the mortgage company is content with this solution. Who is the client here, us or the bank?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions have to be complied with.
Are the BSA intent on creating a online directory to to identify solicitors on the Norwich and Peterborough Building Society conveyancing panel for instance in Upton Upon Severn?
Lexsure has not been advised of any intention on the part of the BSA to promote such a search facility.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Upton Upon Severn is the location of the property. Is there any advice you can give?
Flying freeholds in Upton Upon Severn are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Upton Upon Severn you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Upton Upon Severn may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My husband and I are FTB’s - agreed a price, yet the property agent told us that the owners will only issue a contract if we instruct the agent's preferred solicitors as they need a ‘quick sale’. Our preferred option is to instruct a high street solicitor used to conveyancing in Upton Upon Severn
It is improbable the owners are behind this. Should the owner desire ‘a quick sale', alienating a serious purchaser is is going to put the whole deal at risk. Contact the owners directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Upton Upon Severn conveyancing solicitors - not the ones that will give the negotiator at the agency a kickback or achieve conveyancing thresholds demanded by HQ.
Can you refer me to a property lawyer for conveyancing in Upton Upon Severn (or within 5klm)? It is for a sale and purchase.We had one appointed but just discovered that are not on the panel for RBS.
The purpose of this site is restricted to being a directory service for conveyancers who wish to be listed as being on the approved conveyancing panel for RBS in certain locations for example Upton Upon Severn . Our intention is not to recommend any particular solicitor.