Our conveyancer has identified a a problem with the lease for the flat we are purchasing in Rottingdean. The seller’s lawyers have offered defective title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that he must ensure that the mortgage company 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 risk of a conflict of interest, you and the lender 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 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 conveyancing practitioner will have no choice but to discontinue acting for you.
We are intent on selling our house in Rottingdean and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the purchasers used an internet conveyancing outfit as opposed to a conveyancing solicitor in Rottingdean. Having lived in Rottingdean for 5 years we know of no issue. Do we contact our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
How does conveyancing in Rottingdean differ for newly converted properties?
Most buyers of new build premises in Rottingdean contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Rottingdean tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Rottingdean or who has acted in the same development.
My business partner and I are intending to lease a unit on the high street. Can you recommend solicitors offering competitive costs for commercial conveyancing in Rottingdean for under £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Rottingdean, including the sale and purchase of businesses as well as simply premises. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we can find you the right lawyer. As for the fees this will depend on the structure and complexity of the deal. Let us have your details or call us so that we may furnish you with a detailed commercial conveyancing calculation.
I pay a maintenance fee for my flat in Rottingdean. As a result of personal circumstances I slipped behind with payments. The freeholders agreed a settlement plan but there is still in the region of £2000 currently outstanding.
I want to dispose of the property and I am panicking this may hold me back if I have to discharge the amount due now. Do I have to settle before - is this possible?
Your conveyancer should be able to negotiate with the management company, with a new to seeing if they would accept payment out of the sale proceeds. Here is indicative of why it is sensible to select a property lawyer in Rottingdean as they may well have an established relationship with the management company.