Our conveyancer has discovered a a legal deficiency with the lease for the apartment we are buying in Cullompton. The seller’s lawyers have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancer says that he must be satisfied that the mortgage company is happy with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. Your conveyancing practitioner 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 conveyancing practitioner will have no choice but to discontinue acting for you.
I opted to have a survey carried out on a house in Cullompton prior to instructing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cullompton. Conveyancing will be smoother if you use a solicitor in Cullompton especially if they are acquainted with such properties in Cullompton.
Are there any apps to assist me to locate a Cullompton law firm on the Norwich and Peterborough Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 10kilometers to meet the solicitor.
You can use the facility on this website. Please choose the mortgage company and your location and you will see a number of Cullompton conveyancing lawyers locally. We have listed some Cullompton conveyancing firms towards the end of this page and you can contact them to verify whether they are on the Norwich and Peterborough Building Society panel
My cousin has suggested that I instruct his conveyancers in Cullompton. Should I use them?
Much as we are happy to recommend a Cullompton conveyancing lawyer it’s preferable to find a conveyancing practitioner is to get recommendations from friends or family who have actually used the conveyancer you're are thinking of instructing.
Is planning consent needed to split a house into multiple appartments in Cullompton? This has occurred to a house opposite to my house in Cullompton and was not aware of the conversion until it was done.
Planning permission is needed for converting a single house in Cullompton into flats but probably not for converting once again to single dwelling-house so, simply put, yes.