Why do I have to pay up front when it comes to conveyancing in Alvechurch?
Where you are retaining lawyers for conveyancing in Alvechurch your lawyer will request that you put them with monies to cover the search fees. Normally this is asked for to cover the fees of the Local Authority Search. If any down payment is as part of the purchase price then this will be required shortly prior to exchange of contracts. The closing balance that is due should be sent to your lawyer shortly before completion.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would much rather appoint a Alvechurch based conveyancing firm?
You should check but the chances are that allocate you one of their panel lawyers should you accept the "fee-free" offer. Call the lender to explore if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Alvechurch.
What does a local search inform me regarding the house I am buying in Alvechurch?
Alvechurch conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for example Searchflow The local search is essential in every Alvechurch conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
How does conveyancing in Alvechurch differ for new build properties?
Most buyers of new build residence in Alvechurch come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Alvechurch usually acquire 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 conveyancing solicitors 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 Alvechurch or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Alvechurch before instructing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will refuse to give a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Alvechurch. Conveyancing will be smoother if you use a solicitor in Alvechurch especially if they are familiar with such properties in Alvechurch.
How do I discover who owns a property in Alvechurch?
As long as the property is registered with HM Land Registry, and you have requisite specifics of the address of the premises, you should be able to obtain details from the HM Land Registry of the recorded proprietor for a a minimal charge.