Our conveyancer has discovered a a legal deficiency with the lease for the apartment we are purchasing in Stotfold. The other side have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that he must ensure that the bank is content 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 solicitor must comply with the UK Finance Lenders’ Handbook requirements. 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.
Do I need to visit the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Stotfold so that I can pop in to their offices when needed.
Nowadays conveyancing panel lawyers for lenders undertake their communications through Royal Mail, internet or over the phone. This means that they can undertake the legal work for your home move regardless of where you live in the country. Nevertheless you can see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
My partner and I are close to exchanging contracts on the sale of our property in Stotfold and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Stotfold lawyer would know that there is no such problem. For the life of me I don't know why the buyers are using a national conveyancing firm rather than a conveyancing solicitor in Stotfold. We have lived in Stotfold for many years we know that this is a non issue. Do we contact our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? 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 ailment)
My business partner and I are planning to take an assignment of a lease of an office on a shopping parade. Can you recommend solicitors offering no-move-no charges for non-domestic conveyancing in Stotfold for under £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Stotfold, including the sale and purchase of businesses as well as simply property. If you are looking to purchase or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right firm. As for the fees these will vary based on the structure and complexity of the deal. Please provide us with your details or phone so as to enable us to provide you with comprehensive commercial conveyancing calculation.
My father-in-law has suggested that I appoint his conveyancers in Stotfold. Should I choose my own property lawyer?
No doubt it’s preferable to find a conveyancing lawyer is to get referrals from friends or family who have experience in using the conveyancer that you are contemplating using.