My solicitor has uncovered a defect with the lease for the apartment we are buying in Godshill. The other side have suggested 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 happy with this solution. Who is the client here, us or the mortgage company ?
Even though you have a mortgage offer from the lender 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 bank are the client. The appropriate lender conditions must be adhered to.
Will my solicitor be asking questions concerning flooding as part of the conveyancing in Godshill.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Godshill. Plenty of people will buy a property in Godshill, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, but there are a number of searches that may be carried out by the purchaser or on a buyer’s behalf which should figure out the risks in Godshill. The standard information sent to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the seller to determine whether the property has suffered from flooding. In the event that the property has been flooded in past which is not disclosed by the vendor, then a purchaser may bring a claim for damages stemming from an misleading answer. The purchaser’s lawyers may also conduct an enviro report. This will reveal whether there is a recorded flood risk. If so, additional investigations will need to be initiated.
The deeds to my home can not be found. The lawyers who conducted the conveyancing in Godshill 5 years ago have long since closed. What are my next steps?
Assuming the title is registered the information relating to your proprietorship will be evidenced by the Land Registry with a Title Number. It is easy to conduct a search at the Land Registry, locate your property and obtain up to date copies of the property title for a small fee. If the property is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be ordered for a small fee.
I am using a search engine for the phrase cheap conveyancing in Godshill it brings up many conveyancersin the area. With so much choice what is the best way to find the suitable conveyancer for me?
The best method of seeking the right conveyancer is via trusted referral, so ask colleagues and those you trust who have acquired a property in Godshill or a respected estate agent or financial adviser. Fees for conveyancing in Godshill vary, so it's advisable to request at least four fee estimates from different companies. Make sure that you know that the fees are fixed.
My husband and I have recently had an offer accepted on our first home in Godshill, and are about to get solicitors appointed. I have made use of the various rating based websites and the fee estimates are from all across the the UK. Is it essential to have a Godshill conveyancing practitioner local to the prospective property? We are content to do all the communicating over the web, but I guess at some stage we will need to attend the lawyer's office to sign papers?
The property lawyer does not have to be in Godshill, but choosing local means that you have the option to go in if required, for instance, if a signature is immediately necessary. Also, a Godshill solicitor is likely to be familiar with local agents and (if the vendor has chosen a local conveyancing practitioner) with them, which will help keep things moving faster.