I am purchasing a terraced house in Aldershot. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Aldershot you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Aldershot.
I just acquired a house at auction in Aldershot. Conveyancing is needed. What happens now?
Having legally bound yourself to purchase you will need to hire the services of a conveyancing solicitor soon as you will have a tight a drop dead date to complete the transaction. Every auction property will have a bespoke auction pack. This will likely include most,if not all of the paperwork that your lawyer will need. In the case of leasehold property the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You must pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding in place to complete on the date specified in the contract.
I'm the single recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Aldershot. The Aldershot property was put into my name in February. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership will be considered the same way as if I'd bought the house in February. Do I have to wait half a year to sell?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. Most lenders would take a pragmatic view as this requirement is chiefly there to pick up on subsales or the flipping of properties.
I am due to exchange contracts on my flat. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, UBS are being a right pain. The Aldershot solicitor who is on the UBS conveyancing panel is saying indemnity insurance will be fine but UBS are requiring a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
My relative advised me that where I am buying in Aldershot I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Aldershot conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Aldershot around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Aldershot Education with maps and statistics, Local Amenities and other useful information concerning Aldershot.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Aldershot?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Aldershot. 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 Aldershot differ for new build properties?
Most buyers of new build property in Aldershot approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because house builders in Aldershot usually purchase the real estate, 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 conveyancing solicitors 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 Aldershot or who has acted in the same development.
I decided to have a survey carried out on a house in Aldershot before retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies will not give a loan on such a property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Aldershot. Conveyancing may be slightly more expensive based on your lender's requirements.