I am obtaining a mortgage offer from Halifax. I would like to use a Licensed Conveyancer in Wareham. Does the Halifax Solicitor panel exclude Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our lawyer has uncovered a a legal deficiency with the lease for the flat we are buying in Wareham. The seller’s lawyers have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that he must be satisfied that the bank is content with this solution. Who is the client here, us or the mortgage company ?
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 lawyer must comply with the UK Finance Lenders’ Handbook conditions. 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 lawyer will have no choice but to discontinue acting for you.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would much rather appoint a Wareham based conveyancing firm?
You should check but the the likelihood is that allocate you one of their panel solicitors if you take up the "fee-free" incentive. Call the mortgage company and see if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Wareham.
What can a local search inform me concerning the property we're purchasing in Wareham?
Wareham conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search plays an important role in most Wareham conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
Given that I am about to spend £400,000 on a property in Wareham I would like to talk to a lawyer about myhome move prior to giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you liaising with the conveyancer who will be conducting your property ownership legalities in Wareham.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The practices that we put you in touch with believe that the figure you are quoted for residential conveyancing in Wareham should be the figure that you are charged.