Our solicitor has identified a defect with the lease for the property we are purchasing in Minera. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer says that he must be satisfied that the bank is content with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the mortgage company 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 provisions. You and the lender are the client. The appropriate lender conditions must be adhered to.
Me and my partner are buying a house in Minera. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to send funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Can I be sure that the Minera conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Minera obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer carrying out your conveyancing.
I am selling my apartment. I had a double glazing fitted in October 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Leeds Building Society are being difficult. The Minera solicitor who is on the Leeds Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Leeds Building Society are insisting on a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have justbeen informed that Action Conveyancing have been shut down. They carried out my conveyancing in Minera for a purchase of a freehold house 12 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest method to check if the premises 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 Minera conveyancing specialists.
I have been on the look out for a flat up to £195,000 and found one round the corner in Minera I like with open areas and railway links nearby, however it only has 51 years unexpired on the lease. There is not much else in Minera for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage that many years may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I am looking into buying my first house which is in Minera and I am already nervous. I couldn't find anything specific about Minera. Conveyancing will be needed in due course but do you know about the Minera area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Minera. In the meantime here are some basic statistics that we found