I plan on acquiring residence in Aldershot. My Conveyancer has never been on on the bank solicitor list. Can I still appoint my Aldershot conveyancing solicitor notwithstanding that they are excluded from the lender panel of approved conveyancing solicitors?
You have a couple of choices open to you here
- Complete the purchase with your chosen Aldershot property lawyer but your bank will undoubtedly appoint a lawyer on their approved list. The net result is additional cost and potential delay.
- Appoint a new conveyancer to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your conveyancer to attempt to join the mortgage company panel
I am purchasing a house for cash in Aldershot. I have lived for the previous twelve years in Aldershot. Conveyancing searches are a lot of money. Given that I know the area and road intimately must I have all the conveyancing searches?
If you not getting a home loan, then all but one or two of the Aldershot conveyancing searches are at your discretion. Your solicitor will ’encourage you, perhaps strongly, that you should have searches done, but he has a professional duty to take that path of encouragement . Do consider; if you are likely to sell the house in the future, it may be of relevance to your prospective purchaser what the searches disclose. On occasion houses with functional issues can still reveal detrimental search results. A competent conveyancing solicitor in Aldershot will provide you some sensible advice in this regard.
Do the Building Society Association intend to launch a searchable register to list firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Aldershot?
We have not been informed any intention on the part of the BSA to promote such a search facility.
We have a mortgage agreed in principle with Kent Reliance. Aldershot conveyancing practitioners were appointed. How long does it take for Kent Reliance to send the offer to the conveyancer?
There is no definitive answer here. Have Kent Reliance completed the valuation? Have you informed Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Aldershot. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender RBS be concerned?
As you are obtaining a mortgage with RBS your lawyer must comply with the formal instructions set out in Part two of UK Finance Lenders’ Handbook for RBS. The CML Handbook contains minimum provisions for solar panel roof-space leases, and lawyers are required to report to RBS where a lease fails to meet these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Aldershot.
After what seems like an age I have had an offer on a maisonette in Aldershot agreed to, the sellers do however have a connected purchase. The owners have placed an offer on a property, however it’s not been accepted yet, and have viewings of other properties booked. I have instructed a high street conveyancing solicitor in Aldershot. What should be my next step? At what point should I apply for the mortgage with Co-operative?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Aldershot conveyancing search costs, etc). The first course of action is to ensure that your lawyer is on the Co-operative conveyancing panel. Concerning the next stages this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. During a rising market many buyers will apply for a home loan with Co-operative and pay for the valuation and only if it comes back ok would they request their property lawyer to move forward with the conveyancing in Aldershot.
I have a 4 bedroom Victorian house in Aldershot. Conveyancing lawyer represented me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the exact same property. Is it worth asking Godiva Mortgages Ltd to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aldershot and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing lawyer who conducted the conveyancing.
How does conveyancing in Aldershot differ for newly converted properties?
Most buyers of new build residence in Aldershot approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Aldershot typically acquire the site, 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 property lawyers 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.