Why do I have to pay up front for my conveyancing in Seaforth?
Where you are retaining lawyers for conveyancing in Seaforth your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is as part of the sale price then this should be asked for shortly ahead of exchange of contracts. The final balance that is needed should be transferred shortly before completion.
We are hoping to buy a newly converted flat in Seaforth with a homeloan from Santander.We have a Seaforth conveyancing practitioner but Santander advised that she’s not listed on their "panel". we are left little option but to use a Santander panel firm or retain our high street solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Santander use our lawyer?
No, not really. The loan offered to you is subject to its various provisions, one of which will be that conveyancers must be on the Santander approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Santander
I have justfound out that Stirling Law have closed. They carried out my conveyancing in Seaforth for a purchase of a leasehold flat 18 months ago. How can I establish that the property is in my name in the name of the previous owner?
The easiest method to see if the property is in your name, 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 Seaforth conveyancing specialists.
About to purchase a new build apartment in Seaforth. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Seaforth
Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Our solicitor in Seaforth has discovered a a problem with the lease for the property we are buying in Seaforth. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the lender conveyancing panel he must check that the lender is happy with this solution. Are we the client or is the lender?
Just because you have a mortgage offer from the lender does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Seaforth conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. These conveyancing instructions must be adhered to by the lender conveyancing panel who has to balance acting for you and the lender