Our solicitor has uncovered a a problem with the lease for the flat we are buying in Penylan. The seller’s lawyers have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer has advised that he must ensure that the bank 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 bank are the client. Your conveyancing practitioner 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 bank 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 solicitor will have no choice but to discontinue acting for you.
We are purchasing a house and require a conveyancing solicitor in Penylan who is on the Santander conveyancing panel. Could you point me in the right direction as regards a 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 Santander . We don't recommend any particular firms conducting conveyancing in Penylan.
A friend suggested that if I am purchasing in Penylan I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Penylan conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Penylan around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Penylan.
I opted to have a survey done on a property in Penylan prior to instructing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Penylan. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my uncle I am selling a house in Cardiff but reside in Penylan. My conveyancer (who is 235 kilometers awayrequires that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Penylan who can witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Penylan