Our lawyer has discovered a a legal deficiency with the lease for the apartment we are purchasing in The Borough. The seller’s lawyers have suggested title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor says that he must check that the lender is happy with this solution. Are we the client or is the mortgage company ?
Even though 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 provisions. You and the bank are the client. The appropriate lender specifications must be adhered to.
I am buying a garden flat in The Borough. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in The Borough you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in The Borough.
How can we tell if a The Borough conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in The Borough seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor carrying out your conveyancing.
We expect to receive a OIP from Aldermore this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any The Borough solicitors on the Aldermore conveyancing panel, or is it better to find our own lawyer?
You will need to appoint The Borough solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
The formalities of my remortgage has taken place for my property in The Borough. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I need to instruct a conveyancing solicitor for leasehold conveyancing in The Borough. I have stumble upon a web site which looks to be the perfect offering If there is a chance to get all the legals completed via phone that would be preferable. Should I be wary? 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?
I need to review costs for conveyancing in The Borough from three conveyancing practitioner and choose one. Am I right to instruct them to sit tight until I I have my bid accepted on a flat.
We would recommend that you wait to ask your lawyer to commence work and submit searches after the sales confirmation has been sent by the estate agent particularly as The Borough conveyancing searches are not inexpensive.