My wife and I are purchasing a newly built duplex in Alcester and my conveyancer is informing me that she is duty bound to the mortgage company to reveal incentives from the developer. The Estate Agents are hassling me to exchange contracts and my preference is not to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
It is is a decade since I purchased my home in Alcester. Conveyancing solicitors have recently been instructed on the sale but I can't locate my title deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a chance that the deeds will be with your lender or they may be in the possession of the solicitor who acted in your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Almost all conveyancing in Alcester involves registered property but in the unlikely event that your property is not registered it is more tricky but is resolvable.
What does a local search reveal about the property I am purchasing in Alcester?
Alcester conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance PSG The local search plays a central part in many a Alcester conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications applicable 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 13 topic sections.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Alcester and how can your lawyers assist?
The particular law that you refer to provides security of tenure to commercial lessees, giving them the dueness to apply to court for a renewal lease and remain in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Alcester
My husband and I are four weeks into a freehold purchase having been directed to solicitors by the local agent to execute conveyancing in Alcester. I am not happy. Could you you assist me in finding new lawyers?
They would have to be very poor in order to consider diss instructing them. Has your mortgage been issued? In the event that it has you need to advise them of the new contact details and have the loan are re-issued. The conveyancer needs to be on the banks approved list to avoid added charges and complications. So that should be your first question of the new solicitors. Our find a solicitor tool should help you find a bank approved conveyancer for your home move in Alcester
My fiance and I are planning to purchase a 2 bedroom apartmentin Alcester with a home loan from a bank. We like our lawyer in Alcester yet our lender advise she’s not approved on their "panel". It seems we have little choice but to instruct from the our lender panel firms or stay with our Alcester solicitor and pay for one of their panel ones to represent our bank. We feel as though this is unjust; is there anything we can do?
No, not really. The bank home loan issued is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. in the past, most banks had large numbers of law firms on their panels, including many conveyancing solicitors in Alcester : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your mortgage company.