My conveyancer has uncovered a defect with the lease for the property we are purchasing in Alton. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancer says that he must check that the mortgage company is happy with this solution. Who is the client here, us or the mortgage company ?
Even though you have a mortgage offer from the mortgage company 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 requirements. You and the lender are the client. These conveyancing instructions have to be complied with.
My husband and I are buying a newbuild flat in Alton with a loan from Birmingham Midshires.We would like to retain our Alton conveyancing practitioner but Birmingham Midshires advised that his firm is not on their approved list of firms. It seems we are left with no choice but to instruct a Birmingham Midshires panel solicitor or retain our high street solicitor and pay for a Birmingham Midshires panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The loan issued to you is subject to its various provisions, one of which will be that lawyers will be on the Birmingham Midshires approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Birmingham Midshires
My wife and I purchased a semi-detached Victorian property in Alton. Conveyancing practitioner represented me and Skipton Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the exact same property. Is it worth asking Skipton Building Society to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Alton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing lawyer who completed the work.
Is it possible to transfer to a new solicitor as I need to find one who is on the Aldermore conveyancing list. I had appointed a family conveyancing solicitor in Alton five minutes from me but she is not accepted by Aldermore
It would be our pleasure to assist you select a conveyancing solicitor in Alton on the Aldermore panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Alton. Using search facility on this page, you can scrutinise charges for conveyancing solicitors in Alton and beyond.
My husband and I are a fortnight into a freehold purchase having been recommend to conveyancers by the selling agent to execute conveyancing in Alton. I am am very dissatisfied with the quality of service. Could you help me find new lawyers?
A solicitor would need to be very poor to suggest replacing them. Has the mortgage been generated? In the event that it has you must inform them of the new contact details and ensure the loan are issued to the new lawyers. The conveyancer should be on the banks approved list to avoid added costs and frustration. That should be your starting point. Our find a solicitor tool should help you find a bank approved conveyancer for your home move in Alton