Our solicitor has discovered a a legal deficiency with the lease for the apartment we are buying in Dolwyddelan. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will cover the costs. 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 ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their requirements 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 mortgage company are the client. These conveyancing instructions must be adhered to.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Dolwyddelan. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/7/2024, the requirements read as follows :
This question may be naive but I am new to the home buying as a 1st time purchaser of a ground floor flat in Dolwyddelan. Do I pick up the keys to the premises on the completion date from my lawyer? If so, I will find a local conveyancing solicitor in Dolwyddelan?
On the day of completion you do not need to go to the conveyancers office in Dolwyddelan. Conveyancing lawyers for you will transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be able to receive the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
We previously chose conveyancing lawyers located in Dolwyddelan on the HSBC solicitor panel. They have just invoiced me a further amount for the legal aspects of the HSBC mortgage. Is this an additional conveyancing fee specified by HSBC?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your lawyer may levy a fee for this. This fee is not set by HSBC but by your Dolwyddelan solicitor. Plenty of firms on the HSBC panel will levy ’dealing with mortgage’ fee and others do not.
About to purchase maisonette in Dolwyddelan. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Dolwyddelan conveyancing practitioner is on the Coventry BS conveyancing panel.
My friend advised me that where I am purchasing in Dolwyddelan I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Dolwyddelan conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Dolwyddelan 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 statistics, Dolwyddelan Education with plans and statistics, Local Amenities and other useful data regarding Dolwyddelan.
My husband and I are 18 days into a residential purchase having been referred to a firm by the local agent to execute conveyancing in Dolwyddelan. I am am starting to be disappointed with the quality of service. Can you help me find new conveyancers?
A conveyancer would need to be very poor to suggest changing them. Has the mortgage offer been sent? If so you will need to make them aware of the new contact details and have the mortgage documents are issued to the new lawyers. Your new conveyancer should be on the lenders approved list to avoid supplemental charges and complications. That should be your first question of the new conveyancers. Our search tool can assist you in finding a bank approved conveyancer for your home move in Dolwyddelan