Our conveyancer has identified a a problem with the lease for the property we are buying in Williton. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer has advised that he must be satisfied that the bank is content with this solution. Who is the client here, us or the bank?
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 lender are the client. The appropriate lender specifications have to be complied with.
It is 10 years ago since I acquired my home in Williton. Conveyancing solicitors have recently been instructed on the sale but I can't track down my title deeds. Is this a problem?
You need not be too concerned. Firstly there is a possibility that the deeds will be kept by the mortgage company or they could be in the possession of the solicitor who oversaw the purchase. Secondly in all probability the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining current official copies of the land registers. Most conveyancing in Williton involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is not insurmountable.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Williton?
There are many registered licenced Conveyancers in Williton and Solicitor practices in Williton offering conveyancing It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal work in transferring property. They may both also conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Two weeks ago we had a mortgage agreed in principle with TSB. Williton conveyancing practitioners were appointed. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB conducted the valuation? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We were going to get a OIP from Coventry BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Williton solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Williton solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I have todaydiscovered that Action Conveyancing have closed. They carried out my conveyancing in Williton for a purchase of a freehold house 10 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest method to see 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 Williton conveyancing specialists.
In my capacity as executor for the will of my uncle I am disposing of a property in Swansea but I am based in Williton. My conveyancer (approximately 200 miles awayrequires that I execute a stat dec ahead of completion. Could you suggest a conveyancing practitioner in Williton who can attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Williton based