I am expecting a OIP from Aldermore this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Horley solicitors on the Aldermore conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Horley solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
After weeks of negotiation I have agreed a price on a house in Horley. My financial adviser recommended their conveyancers. I paid an upfront payment of £150. A few days later, the conveyancer called me to say that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told four weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Horley is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been 4 months since my purchase conveyancing in Horley completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Horley differ for new build properties?
Most buyers of new build residence in Horley contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because developers in Horley usually purchase the real estate, 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 used to new build conveyancing in Horley or who has acted in the same development.
I opted to have a survey done on a property in Horley ahead of instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some lenders will not give a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Horley. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the estate of my father I am selling a property in Monmouth but reside in Horley. My lawyer (who is 260 miles from meneeds me to execute a statutory declaration before completion. Could you suggest a conveyancing practitioner in Horley who can attest this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are located in Horley
Is there a reason that Horley conveyancing costs differ for leasehold and freehold properties?
Leasehold conveyancing in Horley can involve additional work for instance reviewing the lease, liaising with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.