Much to our surprise we have been informed by our mortgage adviser that my Bourne property lawyer is not on the bank Solicitor panel. How can I be sure that this is correct?
You need to contact your Bourne conveyancer. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
We note that you have a post code search directory identifying solicitors on the Aldermore conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Bourne?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bourne.
I had intended to instruct a conveyancing solicitor in Bourne for our house purchase. Our financial adviser has since notified us that our bank Britannia won't deal with them. Why is this not regarded as unduly restrictive?
A bank may direct that an approved conveyancer act for it. Borrowers are expected to bear the cost of this. Try using our tool to select a solicitor to conduct conveyancing in Bourne on the Britannia member panel.
This question may be naive but I am unseasoned as a first time purchaser of a ground floor flat in Bourne. Do I collect the keys to the house on completion from my lawyer? If so, I will use a local conveyancing solicitor in Bourne?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you should be invited to pick up the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
My stepmother informed me that in buying a property in Bourne there may be a number of restrictions preventing external alterations to a property. Is this right?
We are aware of a number of properties in Bourne which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Bourne should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I currently have a mortgage with Aldermore for my property in Bourne. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Aldermore?
You must advise Aldermore in advance of renting your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel solicitor.
I have justbecome aware that Stirling Law have been shut down. They conducted my conveyancing in Bourne for a purchase of a freehold house 10 months ago. How can I check that my home is not still registered in the name of the previous owner?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bourne conveyancing specialists.
I am on look out for some leasehold conveyancing in Bourne. Before I set the wheels in motion I require certainty as to the remaining lease term.
Assuming the lease is recorded at the land registry - and 99.9% are in Bourne - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Bourne Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
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Does the lease include onerous restrictions? Its a good idea to find out as much as you can about the company managing the block as they can either make your life much simpler or problematic. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to practical matters like the cleanliness of the communal areas. Don't be afraid to ask prospective neighbours what they think of them. Finally, be sure you understand the dates that you are obliged pay the maintenance charge to the relevant party and specifically how they are spending the funds. The prefered form of lease structure is a share of the freehold. In this situation the leaseholders have being in charge if their destiny and although a managing agent is often retained where it is bigger than a house conversion, the managing agent is directed by the tenants.