Our solicitor has identified a a problem with the lease for the apartment we are purchasing in Hazel Grove. The other side have suggested defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the lender is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank 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 lawyer will have no choice but to discontinue acting for you.
I require quick conveyancing in Hazel Grove as I am under pressure to exchange contracts inside one month. Thankfully I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in Hazel Grove the following are instances of what can arise and adversely impact future saleability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I am a sole trader planning to lease a unit on the high street. Can you recommend conveyancers offering competitive costs for commercial conveyancing in Hazel Grove for less than £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Hazel Grove, including the sale and acquisition of businesses as well as simply property. If you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the costs these will vary based on the structure and heads of terms of the deal. Let us have your details or phone us so that we may provide you with a fixed commercial conveyancing quote.
Is it best to go with a Hazel Grove conveyancing solicitor based in the area that I am buying? We have a good friend who can carry out the legal formalities however her office is 300kilometers drive away.
The primary upside of using a high street Hazel Grove conveyancing firm is that you can pop in to execute paperwork, present your identification documents and pester them where appropriate. They will also have local knowledge which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and they were content that must surpass using an unknown Hazel Grove conveyancing solicitor solely due to them being round the corner.
I previously told by my mortgage company that their approved lawyers work on no completion no fee basis for conveyancing in Hazel Grove. I had a purchase abort and now the conveyancers have requested search fees! They are stating that the fees are nothing to do with their fees!
Hazel Grove conveyancing search fees are separate expenses not legal costs as these are paid to a third party.