Our lawyer has uncovered a a legal deficiency with the lease for the flat we are buying in West Barnes. The seller’s lawyers have offered defective title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that he must check that the lender is willing to move forward with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions. 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.
We are planning to buy with Darlington Building Society. I visited a couple of local practices but am unable to find a West Barnes conveyancing firm on the Darlington Building Society approved list. Can you help?
You should make the most of the find a conveyancing panel solicitor tool on this page. Please choose the mortgage company and type West Barnes or your location and you will discover numerous solicitors located in West Barnes or near you.
I have been recommended by a few selling agents in West Barnes to get a quote from a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to offer your site over and above a competitor’s?
We refuse to give any financial incentive for directing people our way. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My cousin has recommend that I appoint his conveyancing solicitors in West Barnes. Should I use them?
Much as we are happy to recommend a West Barnes conveyancing lawyer the best way to find a conveyancing practitioner is to get guidance from friends or family who have actually experience in using the solicitor that you are considering.
What advice can you give us when it comes to choosing a West Barnes conveyancing practice to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a West Barnes conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non West Barnes conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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What are the costs for lease extension conveyancing?
I am the proprietor of a two-bedroom flat in West Barnes. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
Absolutely. We can put you in touch with a West Barnes conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a West Barnes residence is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.