I have just been advised by my mortgage broker that my Aldershot solicitor is not on the lender Solicitor panel. What can I do to check?
The first thing you need to do is to call your Aldershot lawyer directly. You lawyer should notify you what has happened. Where they are not on the panel they may be able to suggest a Aldershot conveyancing practice that is on the approved list of lawyers for your lender.
I have been told that property searches are the primary cause of delay in Aldershot house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Aldershot.
The estate agent has sent us the confirmation of our purchase of a new build flat in Aldershot. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Aldershot
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. 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? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I need to instruct a conveyancing lawyer in Aldershot for my home move. Can I check a solicitor's record with the profession’s regulator?
One may find published Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA could recorded telephone calls for training purposes.
I today plan to offer on a house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Aldershot. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Aldershot ?
The majority of houses in Aldershot are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are buying in Aldershot so you should seriously consider looking for a Aldershot conveyancing practitioner and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’sconsent to conduct changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the property is part of an estate. Your solicitor will advise you fully on all the issues.
Leasehold Conveyancing in Aldershot - A selection of Queries before buying
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You should be aware that where the lease has fewer than eighty years it will affect the value of the flat. Check with your bank that they are content with remaining years on the lease. A short lease means that you will almost definitely require a lease extension sooner rather than later and it is worth finding out what this will be. For most Aldershotlease extensions you will be required to have been the owner of the premises for a couple of years before you are entitled to extend the lease. What is the service charge and ground rent on the apartment? Make sure you investigate if there are any onerous restrictions in the lease. For instance some leases prohibit pets being allowed in in a block in Aldershot. If you like the propertyin Aldershot but your dog can’t move with you then you will be presented with a hard choice.
What is the reason for my solicitor requiring a list of items of identification before they can proceed with selling or purchasing a property in Aldershot?
Aldershot solicitors are required by the Law Society, SRA, the Land Registry and current Money Laundering Regulations to record that the have verified the identity of their clients. It is also sometimes a requirement of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, national insurance number and date of birth.