My solicitor has discovered a a legal deficiency with the lease for the flat we are buying in Kidsgrove. The other side have suggested defective 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 bank is willing to move forward with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. These conveyancing instructions have to be complied with.
There is lots of information on this site regarding conveyancing in Kidsgrove but what is your top tip for selecting the right conveyancer in Kidsgrove
We would encourage you not to base your choice on the lowest Kidsgrove conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My fiancee and I are spending time looking at flats in Kidsgrove and I am now considering a potential offer. Is it advisable to have a lawyer on ‘stand by’? I am planning to take a home loan with RBS.
It would be wise to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are taking out a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
After shopping around on the internet I have found a Kidsgrove conveyancer having checked that they are on the Aldermore conveyancing panel. Does my lawyer arrange the survey of the property?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Kidsgrove postcode. As you are getting a mortgage with Aldermore, you could contact them to see if they have a list of approved surveyors in Kidsgrove.
Will our lawyer be making enquiries about flooding during the conveyancing in Kidsgrove.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Kidsgrove. Plenty of people will purchase a property in Kidsgrove, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a various searches that can be undertaken by the purchaser or by their solicitors which will figure out the risks in Kidsgrove. The standard property information forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the seller to determine whether the property has historically flooded. If flooding has previously occurred and is not disclosed by the vendor, then a buyer may bring a compensation claim as a result of such an inaccurate response. The buyer’s solicitors may also order an environmental report. This should disclose if there is a recorded flood risk. If so, more detailed inquiries should be initiated.
Are there restrictive covenants that are commonly picked up during conveyancing in Kidsgrove?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Kidsgrove. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to appoint a conveyancing solicitor for remortgage conveyancing in Kidsgrove. I happened to land on a site which looks to be the ideal answer If there is a chance to get all formalities completed via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?