Our lawyer has uncovered a a legal deficiency with the lease for the flat we are buying in Market Weighton. The other side have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that he must be satisfied that the bank is happy with this solution. Are we the client or is the bank?
Regardless of the fact that 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 specifications. You and the bank are the client. The appropriate lender provisions must be adhered to.
I have justbecome aware that Stirling Law have been shut down. They conducted my conveyancing in Market Weighton for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Market Weighton conveyancing specialists.
Due to the input of my in-laws I had a survey completed on a house in Market Weighton ahead of instructing lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some banks will not give a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Market Weighton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Market Weighton to see if the conveyancing will be more expensive.
Do I need to be concerned that 3rd parties that I am dealing with are suggesting an internet conveyancing firm rather than a High Street Market Weighton conveyancing practice?
As with many professional services, often referrals from connections can be extremely useful or valuable. But there are many parties with a vested interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies may suggest lawyers to choose. On occasion the conveyancers might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the endorsement. You are at liberty to choose your own lawyer. However, bear in mind that most mortgage providers operate an approved list of law firms you are obliged to use for the mortgage aspect of your transaction.
I pay a service charge for my appartment in Market Weighton. As a result of personal circumstances I slipped behind with remittance. The managing agents agreed a settlement schedule but there remains a couple of remaining in arrears.
I now wish to sell and I am nervous that this can threaten to derail the sale if I have to pay off the arrears now. I'd like to sell up and then pay them back with the completion monies - is this practicable?
Do check with the solicitor handling your Market Weighton conveyancing but it might be possible to arrange for the outstanding amount to be attributed to the buyers. The purchase price payable would be adjusted to reflect the amount of debt they assume. They would then discharge the arrears once they are the owners.