Our lawyer has discovered a a legal deficiency with the lease for the apartment we are buying in Radlett. The seller’s lawyers have put forward title insurance as a solution. We are happy with insurance and will cover the costs. Our property lawyer says that he must be satisfied that the lender is happy with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender 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 property lawyer will have no choice but to discontinue acting for you.
Finally the sale completed on my house in Radlett last January yet the purchaser is texting daily complaining that their conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your sale your lawyer is committed to send the transfer deeds and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also confirm that the home loan has been redeemed to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Radlett.
I am helping my mother sell her house in Radlett. Will the conveyancing solicitor arrange the EPC or should I organise this?
After the abolition of Home Information Packs, EPC’s was retained a mandatory element of selling a house. An energy performance certificate needs to be commissioned in advance of the property being placed on the market. This is not a task that solicitors normally arrange. Where you are instructing a Radlett conveyancing practitioner they might help arrange energy performance certificates due to their contacts with long established Radlett providers
My wife and I are in the process of looking at apartments in Radlett and I am now considering a potential offer. Is it advisable to have my property lawyer on ‘stand by’? I am planning to take a home loan with TSB.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are taking out a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
Barclays have agreed my mortgage in principle, my bid on a property in Radlett has been accepted, now what?
The estate agent will wish to be informed of your conveyancer's details (ensure that the conveyancers are on the lender’s panel). Telephone Barclays or your financial adviser and finalise any relevant forms. Barclays will appoint a valuer who will get in contact with the selling agent or seller to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Barclays will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Radlett.
I am looking into buying my first house which is in Radlett and I am already nervous. I couldn't find anything specific about Radlett. Conveyancing will be needed in due course but do you know about the Radlett area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Radlett. In the meantime here are some basic statistics that we found
I need to find a conveyancing solicitor for freehold conveyancing in Radlett. I've discover a site which appears to be the ideal offering If there is a chance to get all the legals completed via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
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?