Our lawyer has identified a defect with the lease for the property we are buying in Chathill. The other side have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer says that he must ensure that the mortgage company is willing to move forward with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications. 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 conveyancer will have no choice but to discontinue acting for you.
Should commercial conveyancing searches disclose proposed roadworks that could impact a commercial premises in Chathill?
Its becoming the norm that commercial conveyancing solicitors in Chathill will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Chathill. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chathill.
For every commercial conveyancing transaction in Chathill it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Chathill commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Chathill.
It has been 3 months since my purchase conveyancing in Chathill completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How straightforward is it to use the search app to get a costs illustration from a conveyancing practitioner in Chathill on the approved list for my lender?
First pick a lender such as Halifax, Skipton Building Society or Alliance & Leicester then type in your location such as Chathill. Conveyancing practices in Chathill and beyond should be listed.
We're FTB’s - had an offer accepted, but the estate agent informed us that the owners will only move forward if we instruct their recommended solicitors as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer used to conveyancing in Chathill
It is improbable the vendors are behind this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a motivated buyer is counter productive. Speak to the owners direct and make sure they comprehend that (a)you are serious buyers (b)you are ready to go, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Chathill conveyancing lawyers - as opposed tothe ones that will provide the negotiator at the agency a commission or hit his conveyancing thresholds demanded by corporate headquarters.