My solicitor has uncovered a a problem with the lease for the flat we are buying in Freshwater Bay. The seller’s lawyers have put forward title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must ensure that the bank is willing to move forward with this solution. Are we the client or is the lender?
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 conveyancer must comply with the UK Finance Lenders’ Handbook requirements. 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 conveyancer will have no choice but to discontinue acting for you.
What will a local search inform me about the house my wife and I buying in Freshwater Bay?
Freshwater Bay conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance PSG The local search is essential in every Freshwater Bay conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
Have completed on a a terraced house in Freshwater Bay , how long will it take for the Land Registry to record the transfer to my name? My Freshwater Bay conveyancing solicitor works at snail pace, so I want to be sure that my purchase is registered.
As far as conveyancing in Freshwater Bay is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timescales can differ depending on who lodges the application, whether there are errors and whether the Land registry have to notify any interested parties. Currently approximately three quarters of submission are completed within two weeks but some can be subject to longer delays. Historically registration occurs after the purchaser has moved in to the premises thus an expedited registration is not typically primary concern but where there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
Just had an offer accepted on a new build apartment in Freshwater Bay. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Freshwater Bay
Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I need to retain a conveyancing solicitor for some conveyancing in Freshwater Bay. I've chance upon a site which seems to have the perfect solution If there is a chance to get all this stuff completed via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
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?