Our solicitor has uncovered a defect with the lease for the property we are buying in Diss. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our conveyancing practitioner has advised that he must be satisfied that the mortgage company is willing to move forward with this solution. Who is the client here, us or the lender?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. The appropriate lender provisions have to be complied with.
We see that you have a search directory identifying firms on the Lloyds conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Diss?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Diss.
Due to the guidance of my in-laws I had a survey completed on a house in Diss before instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks will refuse to grant a loan on such a home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Diss. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Diss to see if the conveyancing will be more expensive.
I need to find a conveyancing solicitor for purchase conveyancing in Diss. I happened to discover a web site which looks to be the perfect solution If there is a chance to get all the legals done via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
How easy is it to change a solicitor as I need to find a Diss based conveyancer who is on the lender conveyancing panel. Is it practical to instruct different lawyers?
In the event that you have not formally appointed a conveyancer to do anything for you and have just received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Diss that you're thinking of instructing.