Our solicitor has identified a a problem with the lease for the apartment we are buying in tipton. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must check that the bank is willing to move forward with this solution. Who is the client here, us or 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 specifications 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 bank are the client. The appropriate lender specifications must be adhered to.
Can I use your services to recommend a Conveyancing solicitor in tipton even if I’m not buying or selling a house, for example if I want to acquire an office in tipton with a mortgage from Platform Home Loans Ltd?
The service is predominantly utilised to find domestic conveyancing solicitors in tipton but we have listed towards the bottom of this page a selection of tipton commercial conveyancing firms. You should enquire with the firm directly to check if they can also act for Platform Home Loans Ltd
Are the BSA planning on creating a online directory to list firms on the Darlington Building Society conveyancing panel for example in tipton?
We would not expect to be advised of any plans on the part of the BSA to develop such a register.
Just acquired a terraced house in tipton , What is the estimated time for the Land Registry to register my ownership? My tipton conveyancing solicitor has been painfully slow, so I want to be certain that my purchase is registered.
There is nothing unique when it comes to conveyancing in tipton registration formalities. Rather than based on location, timescales can adjust according to who lodges the application, whether there are errors and if the Land registry must send notices to any other parties. At present in the region of 80% of submission are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration occurs once the purchaser is living at the property so registration formalities is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer can contact the land registry and explain the circumstances.
Is there a reason that tipton conveyancing charges are more expensive for leasehold and freehold properties?
There is always more work necessary for leasehold conveyancing. tipton has many leasehold properties. There is more paperwork involved in the purchase: for example, the lease and leasehold information (including up to date service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.