My wife and I are buying a newly constructed duplex in Aldermanbury and my lawyer is telling me that she has to the bank to reveal incentives from the seller. I am under pressure to sign contracts and my preference is not to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank 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.
My wife and I are buying a property in Aldermanbury. It might be a silly question but how we can trust a conveyancer? At some point we have to deposit money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My wife and I are spending time viewing apartments in Aldermanbury and I am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a home loan with Kent Reliance.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are taking out a mortgage with Kent Reliance, ask your prospective lawyers if they are on the Kent Reliance conveyancing panel otherwise they can't do the mortgage legal work.
Having read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Aldermanbury solicitor - who is on the Virgin Money conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Aldermanbury surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I need some quick conveyancing in Aldermanbury as I have pressure to exchange contracts inside 4 weeks. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are are a cash buyer you are at liberty not to have searches carried out although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Aldermanbury the following are examples of what can show up and therefore impact the marketability of the property: Enforcement Actions, Outstanding Fees, Outstanding Grants, Road Schemes,...
The deeds to our house are lost. The conveyancers who conducted the conveyancing in Aldermanbury 10 years ago no longer exist. What are my next steps?
You no longer need to hold title deeds to prove you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Aldermanbury is the location of the property. Can you shed any light on this issue?
Flying freeholds in Aldermanbury are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Aldermanbury you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Aldermanbury 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 residence.
In my capacity as executor for the will of my father I am disposing of a residence in Newport but reside in Aldermanbury. My lawyer (approximately 235 kilometers awayrequires that I sign a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Aldermanbury to witness this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are located in Aldermanbury