My solicitor has discovered a defect with the lease for the flat we are buying in Chalfont St Peter. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the mortgage company is content with this solution. Who is the client here, us or the bank?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions must be adhered to.
My wife and I are buying a property in Chalfont St Peter. It might be a silly question but how we can trust a lawyer? On the day of competition we have to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
This question may be naive but I am new to the house moving as FTB of a ground floor flat in Chalfont St Peter. Do I collect the keys to the house on completion from my lawyer? If so, I will find a High Street conveyancing solicitor in Chalfont St Peter?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you will be able to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
After months of negotiation I have agreed a price on a house in Chalfont St Peter. My mortgage broker recommended their conveyancers. I paid an on account payment of £175. A few days later, the lawyer contacted me sheepishly admitting that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Should our lawyer be raising enquiries regarding flooding as part of the conveyancing in Chalfont St Peter.
Flooding is a growing risk for lawyers conducting conveyancing in Chalfont St Peter. There are those who buy a property in Chalfont St Peter, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, but there are a number of searches that may be initiated by the purchaser or on a buyer’s behalf which can figure out the risks in Chalfont St Peter. The standard property information forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the seller to determine whether the property has ever been flooded. In the event that flooding has previously occurred and is not revealed by the seller, then a purchaser may issue a legal claim for losses as a result of such an incorrect reply. A buyer’s conveyancers may also commission an enviro report. This should disclose if there is any known flood risk. If so, additional inquiries should be made.
In my capacity as executor for the estate of my grandfather I am selling a house in Monmouth but live in Chalfont St Peter. My solicitor (approximately 250 miles from mehas requested that I execute a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Chalfont St Peter to attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Chalfont St Peter based
Why do I have to provide my property lawyer with numerous items of ID before I can proceed with my conveyancing in Chalfont St Peter?
Chalfont St Peter lawyers are duty bound by the Law Society, SRA, HM Land Registry and current Money Laundering legislation to certify that the have verified the identity of their clients. It will also be a requirement of your bank if you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and date of birth.