It has come to my attention via my broker that my Spondon lawyer is not on the bank Conveyancing panel. What can I do to check?
Your first step should be to call your Spondon lawyer directly. You lawyer should advise you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
Do the conveyancing solicitors to be found on your site conduct auction conveyancing in Spondon?
There are a few niche solicitors we can put you in touch with those specialising in auction conveyancing. Spondon is just one of our locations in which our lawyers are based.
Are there restrictive covenants that are commonly picked up during conveyancing in Spondon?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Spondon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the encouragement of my in-laws I had a survey completed on a property in Spondon before retaining solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some banks tend refuse to issue a loan on such a home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can investigate further 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 Spondon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Spondon to see if the conveyancing costs will increase in light of this.
My husband and I are first time buyers - agreed a price, but the estate agent informed us that the seller will only proceed if we appoint their recommended lawyers as they want a ‘quick sale’. My instinct tells me that we should use a family conveyancer with experience of conveyancing in Spondon
It is highly unlikely the sellers are driving this. Should the vendor desire ‘a quick sale', turning down a motivated purchaser is not the way to achieve this. Avoid the agents and go straight to the owners and explain that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you are going to use your own,trusted Spondon conveyancing solicitors - not the ones that will provide their negotiator at the agency a commission or hit his conveyancing thresholds demanded by HQ.
One month into purchasing a property in Spondon. Conveyancing lawyer has told us the property is "Leasehold". Should this adversely affect our HSBC valuation?
Spondon conveyancing does not normally involve leasehold houses. The main consideration here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the value too much.
At the other end of the spectrum, if it's, say, Sixty years it is bound to have a significant effect on the value, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be stated in the lease which should be made available to your solicitor.