I was informed yesterday by my broker that my Aberporth solicitor is not on the lender Conveyancing panel. What can I do to be certain if this is indeed the case?
The best course of action for you to take is to call your Aberporth lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
AssumingI was to buy a freehold housein Aberporth for cash and have no survey and no conveyancing searches how much would I expect to to save on my conveyancing in Aberporth?
Any savings you would achieve would be limited to the Aberporth conveyancing searches. Your property lawyer is required to do the vast majority of work - money laundering, correspond with your sellers solicitor, SDLT return, register the property etc. A slight saving might be made by not having to register a mortgage but it will not be a lot.
It is 10 years ago since I bought my house in Aberporth. Conveyancing solicitors have now been retained on the sale but I can't find the title documents. Is this a major issue?
You need not be too concerned. Firstly the deeds may be retained by the lender or they could be in the possession of the solicitor who acted in your purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Most conveyancing in Aberporth relates to registered property but in the unlikely event that your property is not registered it is more of a problem but is resolvable.
Can you clarify what the consequences are if my solicitor is removed from the Coventry BS Conveyancing panel ahead of completing my conveyancing in Aberporth?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Just had an offer accepted on a new build flat in Aberporth. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Aberporth
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Aberporth is where the house is located. What do you suggest?
Flying freeholds in Aberporth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Aberporth you would need to get your solicitor to go 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 Aberporth may decide 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 property.