My conveyancer has uncovered a a legal deficiency with the lease for the property we are purchasing in Weymouth. The other side have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancing practitioner says that he must ensure that the lender is happy with this solution. Who is the client here, us or the mortgage company ?

The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your solicitor 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.

Can your site be used to recommend a Conveyancing solicitor in Weymouth even if I’m not buying or selling a house, for instance if I want to acquire a shop in Weymouth with a loan from The Royal Bank of Scotland?

Our comparison service is primarily used to locate residential conveyancing solicitors in Weymouth but we have recorded at the bottom of this page a selection of Weymouth commercial conveyancing firms. You should make contact with the solicitors directly to check if they can also act for The Royal Bank of Scotland

I have recentlyfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Weymouth for a purchase of a leasehold flat 12 months ago. How can I check that the property is in my name in the name of the former proprietor?

The easiest way to check if the premises is registered to you, 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 Weymouth conveyancing specialists.

I need to instruct a conveyancing solicitor for residential conveyancing in Weymouth. I have discover a web site which looks to be the ideal answer If there is a chance to get all formalities done via phone that would be preferable. Should I be concerned? What are the potential pitfalls?

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?

What are the common deficiencies that you come across in leases for Weymouth properties?

Leasehold conveyancing in Weymouth is not unique. Most leases are individual and drafting errors can sometimes mean that certain sections are not included. The following missing provisions could result in a defective lease:

Service charge per centages that don't add up correctly leaving a shortfall Clauses dealing with recovering service charges for expenditure on the building or common parts.

A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Barnsley Building Society, and Bank of Ireland all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, obliging the buyer to pull out.

I am the registered owner of a leasehold flat in Weymouth, conveyancing was carried out in 2000. Can you work out an approximate cost of a lease extension? Equivalent flats in Weymouth with an extended lease are worth £255,000. The ground rent is £45 yearly. The lease ends on 21st October 2098

You have 74 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.