Our lawyer has discovered a a legal deficiency with the lease for the property we are buying in Datchet. The other side have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that he must ensure that the bank is content with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your conveyancing practitioner 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 mortgage company 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.
We see that you have a post code search directory identifying solicitors on the RBS conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Datchet?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Datchet.
I have todaydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Datchet for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Datchet conveyancing specialists.
I decided to have a survey done on a property in Datchet before retaining lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some banks tend refuse to issue a mortgage on such a home.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Datchet. Conveyancing may be slightly more expensive based on your lender's requirements.
My brother has urged me to instruct his conveyancers in Datchet. Do I follow his advice?
Much as we are happy to recommend a Datchet conveyancing lawyer the best way to find a conveyancing practitioner is to seek recommendations from friends or family who have actually experience in using the conveyancer you're considering.