My solicitor has identified a a problem with the lease for the flat we are purchasing in Stamfordham. The other side have suggested defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer says that he must be satisfied that the lender is happy with this solution. Who is the client here, us or the bank?
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 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 lender 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.
Our bank has recommended solicitors on their panel based in Stamfordham but I would rather instruct a conveyancing lawyer in Stamfordham local to me. Are you able to assist?
It is by no means the case that all Stamfordham conveyancing practices are listed all lender’s conveyancing panel. Use the above search tool to find a Stamfordham conveyancing firm on the on the bank panel.
Do commercial conveyancing searches reveal planned roadworks that could impact a commercial property in Stamfordham?
Many commercial conveyancing solicitors in Stamfordham will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Stamfordham. The search result provides definitive information 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 Stamfordham.
For each commercial conveyancing transaction in Stamfordham it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Stamfordham commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Stamfordham.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Stamfordham is where the house is located. What do you suggest?
Flying freeholds in Stamfordham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stamfordham you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stamfordham may determine 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 business partner and I are wishing to take over a lease of an office on the high street. Can you recommend lawyers offering fixed fees for non-domestic conveyancing in Stamfordham for below 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Stamfordham, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. As for the charges this will depend on the structure and terms of the proposed transaction. Please provide us with your contact information or phone us so that we can furnish you with a fixed commercial conveyancing calculation.