I am buying a ground floor flat in Aylsham. My Solicitor has never been on on the bank approved list. Can I still retain my Aylsham conveyancing solicitor notwithstanding that they are not on the bank panel of approved conveyancing solicitors?
You have a number of choices available to you here
- Proceed with your chosen Aylsham solicitor but your lender will undoubtedly use a conveyancer from their conveyancing panel. This will result in additional cost together with potential interruption.
- Appoint a fresh property lawyer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Appeal to your conveyancer to apply to join the mortgage company panel
The sellers of the house we are purchasing have appointed a conveyancing practitioner in Aylsham who has recommended a lock out agreement with a deposit 6,000. Are such contracts generally advanced for Aylsham conveyancing transactions?
Exclusivity contracts are contracts between a home owner and purchaser granting the buyer exclusive rights to the sale of the property within an agreed time frame. Essentially, an exclusivity is a document stating that you will receive a contract at a later date being the main conveyancing contract. It is generally used for buyer protection though in many situations, the seller may stand to benefit from such agreements as well. There are various pros and cons to having an agreement but you need to check with your conveyancer but note that it may result in incurring more in conveyancing charges. For this these contracts are rare in relation to conveyancing in Aylsham.
I require quick conveyancing in Aylsham as I am under an ultimatum to exchange contracts within one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to have searches carried out although no solicitor would suggest that you don't. With lots of history conveyancing in Aylsham the following are examples of issues that can show up and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
I decided to have a survey completed on a house in Aylsham before appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some lenders may not issue a mortgage on a flying freehold house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Aylsham. Conveyancing may be slightly more expensive based on your lender's requirements.
My cousin has suggested that I instruct his conveyancing solicitors in Aylsham. Should I choose my own conveyancer?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to have guidance from friends or relatives who have actually previously instructed the conveyancer that you are are thinking of instructing.
My partner and I have just had an offer accepted on our 1st home in Aylsham, and need to get solicitors instructed. We have used the various rating tools and the quotes are from all over the England and Wales. Is it critical to have a Aylsham conveyancing practitioner local to our prospective house? We are willing to do everything electronically, but I assume at some point we will need to physically go into the conveyancing practitioner's office to sign papers?
The lawyer does not have to be in Aylsham, but choosing local means that you can go in if required, for instance, if a signature is immediately necessary. Also, a Aylsham solicitor is likely to be familiar with local agents and (if the vendor has instructed a local conveyancing practitioner) with them, which should help smooth the process.