Our conveyancer has discovered a a problem with the lease for the apartment we are buying in Shrewton. The seller’s lawyers have suggested title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancer says that he must be satisfied that the lender is willing to move forward with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the bank 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 specifications. You and the lender are the client. The appropriate lender provisions must be adhered to.
Can I use your services to find a Conveyancing solicitor in Shrewton even where I’m not buying or selling a house, for example if I intend to buy a shop in Shrewton with a loan from Chelsea Building Society?
The service is primarily there to find domestic conveyancing solicitors in Shrewton but we have listed at the end of this page some Shrewton commercial conveyancing firms. You should speak with the solicitors directly to see if they are also authorised to represent Chelsea Building Society
What is the optimum way to investigate if the solicitor handling my conveyancing in Shrewton is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus spending £192.00 in further conveyancing bill.
You should make use of the search tool on this site. Pick the lender and type ‘Shrewton’ or your location and you will discover numerous conveyancers based in Shrewton or by proximity to you.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Shrewton is where the house is located. Can you offer any opinion?
Flying freeholds in Shrewton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shrewton you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shrewton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Do I have to pop into the offices of the lender conveyancing panel solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Shrewton as it will be easier to pop in to their offices when needed.
Whereas this was necessary 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Shrewton.