I am purchasing an apartment in Astley. My Conveyancer is not listed on the mortgage company conveyancing list. Can I still use my Astley conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
Various options include
- Proceed with your chosen Astley property lawyer but your lender will need to use a lawyer from their approved list. This will result in additional cost and probable interruption.
- Get a fresh solicitor to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Convince your solicitor to do everything within their powers to get listed on the mortgage company conveyancing panel
I require conveyancing for a flat in a fairly new development (five years built) in Astley. 95% of the properties are already disposed of. Is it strictly necessary to order conveyancing searches for my conveyancing in Astley?
You would be putting yourself at risk in not carrying out Astley conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would seriously advise in the strongest possible terms that your lawyer conducts them. Where timings and price are primary concerns you should discuss with your lawyer about the options such as lack of search insurance available to you
We are buying a house in Astley. I might seem paranoid but how we can trust a lawyer? On completion day we will need to put money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My uncle pointed out to me me that in purchasing a property in Astley there may be various restrictions preventing external alterations to the property. Is this right?
We are aware of a number of properties in Astley which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Astley 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 Astley solicitor firms on the Lloyds conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Lloyds conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. The majority of lenders do permit licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
The deeds to our home can not be found. The conveyancers who did the conveyancing in Astley 10 years ago no longer exist. What are my options?
In today’s world there are copies made of almost everything, and your conveyancer will be aware exactly where to locate all the appropriate paperwork so you can buy or sell your property without any difficulty. If copies can’t be located, your conveyancer can put in place insurance or indemnities protecting you against possible claims on your property.
How does conveyancing in Astley differ for new build properties?
Most buyers of new build premises in Astley come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Astley typically buy 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 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 Astley or who has acted in the same development.
I decided to have a survey completed on a house in Astley before appointing solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders will not give a mortgage on this type of house.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Astley. Conveyancing may be slightly more expensive based on your lender's requirements.