Much to our surprise we have been advised by our mortgage broker that my Alsager property lawyer is not on the bank Conveyancing panel. What can I do to be sure if this is correct?
The best course of action for you to take is to call your Alsager lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. If they are not on the panel they may recommend you to a Alsager conveyancing practice that is on the approved list of lawyers for your lender.
Forgive me if this question is silly but I am new to the home buying as a first time buyer of a ground floor flat in Alsager. Do I receive the keys to the property on the completion date from my solicitor? If so, I will appoint a local conveyancing solicitor in Alsager?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the vendor’s conveyancers, and once they have received this, you will be called to collect the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
A friend pointed out to me me that in purchasing a property in Alsager there could be various restrictions prohibiting external alterations to the property. Is this right?
There are a number of properties in Alsager which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Alsager should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Alsager CQS (Conveyancing Quality Scheme) solicitors are on the Santander conveyancing list of approved practices?
A selection of banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.
It has been four months since my purchase conveyancing in Alsager took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Alsager differ for newly converted properties?
Most buyers of new build premises in Alsager contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Alsager typically buy 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 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 Alsager or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Alsager prior to retaining lawyers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some lenders may not issue a loan on this type of home.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. 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 Alsager. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Alsager to see if the conveyancing will be more expensive.
My business partner and I are intending to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering no-move-no charges for non-domestic conveyancing in Alsager for below £1,200?
We can recommend firms who have specialist knowledge of commercial conveyancing in Alsager, including the disposal and acquisition of businesses as well as simply premises. Whether you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and complexity of the deal. Let us have your details or call us so that we can provide you with a detailed commercial conveyancing calculation.