I plan on purchasing a ground floor flat in Aldermanbury. My lawyer is not on the lender conveyancing panel. Can I still use my Aldermanbury conveyancing solicitor even though they are excluded from the bank panel of approved conveyancing solicitors?
You have a number of alternatives available to you here
- Proceed with your preferred Aldermanbury property lawyer but your lender will no doubt use a property lawyer on their approved list. This will result in additional fees and potential delay.
- Appoint a new conveyancing practitioner to act in the purchase, making sure they are on the bank conveyancing panel.
- Convince your solicitor to seek to join the lender panel
When does exchange of contracts take place for residential conveyancing in Aldermanbury and am I required to attend the lawyers office?
Where you are in close proximity to one of the conveyancing solicitors in Aldermanbury you are invited in to sign contracts. That being said, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when dealing with you electronically. The executing of the contract is not when everything is set in stone. A signed contract is necessary for the conveyancer to exchange contracts at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Aldermanbury)to be in the office available at the end of the phone to exchange contracts.
I have been told that property searches are a common reason for stalling in Aldermanbury house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Aldermanbury.
Are there restrictive covenants that are commonly identified during conveyancing in Aldermanbury?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Aldermanbury. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Aldermanbury differ for new build properties?
Most buyers of new build premises in Aldermanbury approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Aldermanbury usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Aldermanbury or who has acted in the same development.
I am thinking of appointing a conveyancing solicitor in Aldermanbury for my purchase. Is there any facility to check a firm’s complaints history with the legal regulator?
You can see documented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator could monitor call for training purposes.