Much to our surprise we have been informed by our broker that my Aylesbury solicitor is not on the bank Solicitor panel. What can I do to check?
You need to contact your Aylesbury conveyancer. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they may be able to suggest a Aylesbury conveyancing practice that is on the approved list of lawyers for your bank.
AssumingI were to purchase a simple residential propertyin Aylesbury for cash and dispense with a survey and no conveyancing searches how much would I expect to to save on my conveyancing in Aylesbury?
The only reduction in fees you would achieve is the disbursement for searches. Your property lawyer is obliged to do the vast majority of work - money laundering, liaising with the sellers conveyancer, SDLT submission, register the property etc. You might save a bit for them not needing to register a charge but it will not be significant.
Should my lawyer be raising questions about flooding during the conveyancing in Aylesbury.
Flooding is a growing risk for solicitors carrying out conveyancing in Aylesbury. There are those who purchase a house in Aylesbury, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, however there are a various searches that may be carried out by the purchaser or by their solicitors which should give them a better understanding of the risks in Aylesbury. The conventional set of completed inquiry forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the owner to find out if the premises has ever been flooded. If flooding has previously occurred and is not revealed by the vendor, then a buyer could commence a compensation claim resulting from an misleading response. A purchaser’s solicitors should also order an enviro report. This will disclose whether there is any known flood risk. If so, additional inquiries will need to be initiated.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who conducted the conveyancing in Aylesbury 4 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to have the physical deeds to prove you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
Over the last few months I have been searching for a flat up to £305k and found one near me in Aylesbury I like with open areas and station in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Aylesbury suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
What are my options where I am dissatisfied with the solicitor who conducted my conveyancing in Aylesbury?
Occasionally the level of service you receive is not as you expect, and unfortunately sometimes matters do not go as planned. That being said there is recourse where you were dissatisfied with your conveyancing in Aylesbury. This varies from trying to resolve matters directly with them, through to reporting a conveyancer to their regulator. If you remain unhappy you may consider getting in touch with the Legal Ombudsman.