Much to our surprise we have been notified by our mortgage broker that my Claverdon property lawyer is not on the lender Solicitor panel. What can I do to be sure if this is correct?
Your first step should be to call your Claverdon lawyer directly. You lawyer should advise you of the situation. Where they are not on the panel they may recommend you to a Claverdon conveyancing firm that is on the approved list of lawyers for your lender.
Are the Claverdon conveyancing solicitors identified as being on the Aldermore conveyancing panel, together with their details provided by Aldermore?
Claverdon conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to use their panel conveyancer as I would much rather use a Claverdon based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel solicitors where you take up the "fee-free" offer. Contact the bank and check if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Claverdon.
Various internet forums that I have come across warn that are the number one reason for hinderance in Claverdon house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Claverdon.
Me and my brother own a 4 bedroom Georgian house in Claverdon. Conveyancing solicitor acted for me and Coventry Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Claverdon and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing solicitor who carried out the work.
How does conveyancing in Claverdon differ for newly converted properties?
Most buyers of new build property in Claverdon approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Claverdon typically purchase 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 property lawyers 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 Claverdon or who has acted in the same development.