Our conveyancer has identified a a legal deficiency with the lease for the property we are buying in Chase Side. The other side have put forward title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the lender is willing to move forward with this solution. Are we the client or is the mortgage company ?
Notwithstanding that 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 requirements. You and the mortgage company are the client. The appropriate lender specifications have to be complied with.
What does my ID and proof of funds have anything to do with my conveyancing in Chase Side? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to provide ID verification documents, your solicitor can not take you on as a client.
I need some fast conveyancing in Chase Side as I am faced with pressure to sign on the dotted line inside one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to do searches although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Chase Side the following are examples of what can be revealed and adversely impact the marketability of the property: Enforcement Actions, Outstanding Charges, Overdue Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up as part of conveyancing in Chase Side?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Chase Side. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
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At this site secure a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Chase Side. As opposed to estate agents and many comparison sites we do not operate referral deals with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the most kickback, not the best value conveyancing in Chase Side