Me and my partner are purchasing a leasehold flat in Heysham. My property lawyer has never been on on the lender approved panel. Am I still permitted to retain my Heysham conveyancing solicitor even though they are not on the bank approved list?
One must appoint a property lawyer to complete the legal work required if you need a mortgage to buy your property. They will carry out all the necessary legal checks on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage documentation is in place. One may select a Heysham lawyer of your choice. However, where the solicitor selected is not on the lender approved list supplemental charges will arise as separate legal representation will be need by the lender. Lender panel applications may be submitted, so if your lawyer has not in the past applied for membership they should do so.
My conveyancer has uncovered a a problem with the lease for the flat we are purchasing in Heysham. The other side have suggested title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must be satisfied that the lender is willing to move forward with this solution. Who is the client here, us or the bank?
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 provisions. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
We are buying a property and require a conveyancing solicitor in Heysham who is on the Lloyds conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Heysham.
I purchased a 4 bedroom Edwardian property in Heysham. Conveyancing practitioner acted for me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Heysham and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing lawyer who conducted the work.
I note that you have a post code search directory identifying solicitors on the mortgage company conveyancing panel. Do Heysham conveyancing firms pay you a commission if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Heysham.