We instructed a local lawyer for my conveyancing in Wadhurst yesterday. Reviewing the Terms and Conditions it is apparent thatwe are liable for charges even where the transaction does not complete. Would I be best advised to select a web based lawyer promising no move no charge conveyancing in Wadhurst?
It is usually ‘give and take’ in that if "No Sale No Fee" is advertised then the conveyancing charges will generally be higher to cover the transactions that abort. Also remember that these arrangements rarely protect you from expenditure for instance Wadhurst conveyancing search charges.
Our solicitor has uncovered a a legal deficiency with the lease for the property we are purchasing in Wadhurst. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer says that he must check that the bank is content with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender 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 conveyancer will have no choice but to discontinue acting for you.
Various internet forums that I have visited warn that are the main cause of delay in Wadhurst conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays in the conveyancing process. Local searches are not likely to be the root cause of holding up conveyancing in Wadhurst.
I have recentlyfound out that Stirling Law have been shut down. They conducted my conveyancing in Wadhurst for a purchase of a leasehold apartment 10 months ago. How can I check that my home is not still registered in the name of the previous owner?
The easiest way 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 Wadhurst conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Wadhurst is where the house is located. What do you suggest?
Flying freeholds in Wadhurst are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wadhurst you must be sure that your lawyer goes 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 Wadhurst may ascertain 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.