Can you help? My Holt lawyer is advising me that he is legally obliged toorder Holt conveyancing searches becausethe firm are on the Nat Westapproved lawyer panel. Is my lawyer right?
You have limited options available to you. As you are taking a home loan with a lender your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Holt conveyancing searches.
The deeds to our property can not be found. The lawyers who conducted the conveyancing in Holt 10 years ago no longer exist. What are my options?
Gone are the days when you need to have the physical deeds to establish that you own the land or premises, given that the Land Registry hold details of all registered land or property electronically.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Holt is where the house is located. What do you suggest?
Flying freeholds in Holt are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Holt you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Holt may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
We're FTB’s - agreed a price, but the selling agent advised that the vendor will only go ahead if we appoint the agent's recommended conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor used to conveyancing in Holt
It is highly unlikely the vendors are driving this. Should the owner desire ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Holt conveyancing lawyers - not the ones that will provide the estate agent a kickback or achieve conveyancing figures demanded by head office.
Me and my wife are soon to exchange buying a property in Holt but as a consequence of wreckage from the recent storms I have agreed reparation from the owner of £3k by way of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process however my mortgage company will not agree to this. Should they have been informed?
Any solicitor that is on the bank approved list is required to inform the mortgage company of any variations to the purchase figure. If you were to refuse your property lawyer to disclose the price change to your bank then they would have no choice but to discontinue acting for you and the lender.