I am acquiring a ground floor flat in Aldeburgh. My Conveyancer is not listed on the lender approved panel. Am I still permitted to retain my Aldeburgh conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?
You have a couple of alternatives available to you here
- Carry on with your preferred Aldeburgh conveyancing practitioner but your lender will need to instruct a solicitor on their approved list. The net result is additional fees together with likely frustration.
- Choose a new lawyer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Appeal to your conveyancer to attempt to join the lender panel
We were just about to exchange contracts for a ground floor flat in Aldeburgh. We have hit a problem. Our mortgage offer with Halifax runs out on 29/12/2025 but the vendors are insisting on a completion date of 31/12/2025. Can one extend the mortgage offer?
The best person to deal with your concern is your solicitors who will calculate whether he or she is should be discussing with the bank, owner’s representatives, estate agents or conceivably all three taking into account the circumstances your house move to date.
I am selling my house in Aldeburgh. Does the lawyer have to be on the Aldermore conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I opted to have a survey done on a house in Aldeburgh in advance of appointing conveyancers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some banks may refuse to issue a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Aldeburgh. Conveyancing will be smoother if you use a solicitor in Aldeburgh especially if they are familiar with such properties in Aldeburgh.
We're novice buyers - had an offer accepted, yet the agent informed us that the seller will only go ahead if we instruct their preferred solicitors as they are insisting on an ‘expedited deal’. We would rather use a family conveyancer who is accustomed to conveyancing in Aldeburgh
It is unlikely the owners are behind this. Should the owner desire ‘a quick sale', turning down a genuine buyer is going to damage their objectives. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you do not need to sell (d) you intend to proceed fast (e)however you intend to instruct your preferred Aldeburgh conveyancing firm - rather thanthe ones that will earn their negotiator at the agency a commission or hit his conveyancing targets demanded by senior management.
Estate agents have just been given the go-ahead to market my 2 bed flat in Aldeburgh. Conveyancing solicitors are to be appointed soon, but I have recently had a half-yearly service charge demand – Do I pay up?
It best that you clear the maintenance contribution as normal because all rents and maintenance invoices should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Aldeburgh - A selection of Queries Prior to buying
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In the main the outlay for major works are not wrapped into the service charges, although there some managing agents in Aldeburgh ask leasehold owners to contribute towards a reserve fund created for the specific purpose of establishing a fund for larger repairs or maintenance. Please note that where the lease has no more than eighty years it will have adverse implications on the salability of the apartment. Check with your mortgage company that they are happy with the length of the lease. A short lease means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you will need to own the premises for 24 months in order to be legally able to exercise a lease extension. Who manages the block?