Our conveyancer has discovered a a legal deficiency with the lease for the property we are buying in Iver. The other side have put forward title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must be satisfied that the lender is willing to move forward with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company 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.
We are looking to buy a property and require a conveyancing solicitor in Iver who is on the Principality approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Iver.
I am buying a right to buy a flat in Iver. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Iver you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Iver.
We are downsizing from our property in Iver and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A high street Iver lawyer would know that there is no such problem. For the life of me I don't know why the purchasers are using a national conveyancing outfit as opposed to a conveyancing solicitor in Iver. We have lived in Iver for 5 years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Due to the advice of my in-laws I had a survey completed on a property in Iver before retaining lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies may refuse to grant a mortgage on this type of property.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Iver. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Iver to see if the conveyancing will be more expensive.