Having been told to check out your company we were about to go ahead with a conveyancing solicitor in East Preston listed on your site but stumbled across some other fee calculations on the internet look cheaper – how come?
One can find plenty of solicitors advertising supposedly cheap conveyancing, yet more often than not extracharges result in the final bill being inflated. According to the Legal Ombudsman charges listed in terms and conditions should be honest and reasonable raised The solicitors that we put forward for conveyancing in East Preston clearly state all charges for a domestic conveyancing transaction.
My lawyer has identified a a legal deficiency with the lease for the flat we are purchasing in East Preston. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?
Notwithstanding that you have a mortgage offer from the mortgage company 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 conditions. You and the lender are the client. The appropriate lender provisions have to be complied with.
It is 10 years ago since I acquired my property in East Preston. Conveyancing lawyers have recently been instructed on the sale but I am unable to find my title deeds. Will this cause complications?
Don’t worry too much. Firstly there is a possibility that the deeds will be kept by the mortgage company or they could be in the possession of the solicitor who oversaw the purchase. Secondly the likelihood is that the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring up to date copy of the land registers. The vast majority of conveyancing in East Preston involves registered property but in the unlikely event that your home is unregistered it is more of a problem but is resolvable.
Me and my partner are buying a flat in East Preston. It might be a silly question but how we can trust a lawyer? On the day of competition we have to send our life savings into their account. What is the protection 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.
Last month we had a mortgage agreed in principle with RBS. East Preston conveyancing lawyers are chosen. How long does it take for RBS to forward the offer to the property lawyer?
Some lenders take longer than others. Have RBS done the valuation? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am selling my apartment. I had a double glazing fitted in November 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Leeds Building Society are being difficult. The East Preston solicitor who is on the Leeds Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Leeds Building Society are insisting on a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have been on the look out for a ground for flat up to £235,500 and found one close by in East Preston I like with a park and railway links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in East Preston for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.