My lawyer has discovered a a problem with the lease for the apartment we are purchasing in Blakenhall. The other side have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancing practitioner says that he must check that the mortgage company is happy with this solution. Who is the client here, us or the lender?
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 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 lawyer will have no choice but to discontinue acting for you.
I am considering applying for a Nationwide mortgage for purchase of a newly converted (under development) in Blakenhall with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Nationwide ?
In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
My relative recommended that where I am buying in Blakenhall I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Blakenhall conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Blakenhall around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Blakenhall.
Are there any apps to assist me to search for a Blakenhall solicitor on the Leeds Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the search on this page. Please select a lender and your location and you will see a number of Blakenhall conveyancing lawyers located nearest you. We have listed some Blakenhall conveyancing firms towards the end of this page and you can ring them to check if they are on the Leeds Building Society panel
We have been informed by various friends that it should take 6-8 weeks for Blakenhall conveyancing to complete.This was 3 ago. The paperwork was only forwarded to my solicitor a couple of days ago so now does it countdown?
No official countdown exists for conveyancing in Blakenhall, or any area in the UK. You simply have to make sure your finances are in place and in due course the rest will come together.