We see that you have a search directory listing solicitors on the UBS conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Bishops Lydeard?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bishops Lydeard.
What can a local search inform me regarding the house I am purchasing in Bishops Lydeard?
Bishops Lydeard conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search plays a central role in most Bishops Lydeard conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who did the conveyancing in Bishops Lydeard 4 years ago no longer exist. What are my next steps?
These day there are duplicates made of almost everything, and your solicitor will know exactly where to locate all the relevant documentation so you can buy or dispose of your property without any difficulty. Where copies are not available, your solicitor can arrange cover in the form of insurance or indemnities against future claims on the property.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Bishops Lydeard I like with open areas and railway links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Bishops Lydeard suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
Our solicitor in Bishops Lydeard has discovered a a legal deficiency with the lease for the property we are buying in Bishops Lydeard. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that as he is on the lender conveyancing panel 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 mortgage company are the client. A precondition to being on the lender approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will 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 lawyer will have no choice but to discontinue acting for you.