When can the exchange of contracts happen for purchase conveyancing in Aldborough Hatch and am I required to attend the solicitors branch?
Where you are round the corner to one of the conveyancing solicitors in Aldborough Hatch you are welcome to come in to sign the paperwork. That being said, the firms we recommend provide countrywide coverage for conveyancing and provide just as detailed and professional a job for you when dealing with you by post or email. The signing of the contract is not the point of no return. A signed contract simply enables the firm to address the formalities at the suitable time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Aldborough Hatch)to be in the office available at the end of the phone to exchange contracts.
I am thinking of refinancing my flat in Aldborough Hatch, does my lawyer need to be on the Virgin Money Solicitor panel?
In theory, you could use a solicitor that is not on the Virgin Money conveyancing panel, but Virgin Money would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
The deeds to our house can not be found. The conveyancers who did the conveyancing in Aldborough Hatch 4 years ago no longer exist. Will I be able to sell the house?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware precisely where to look for all the suitable paperwork so you can purchase or dispose of your property without a hitch. Where duplicates can’t be found, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
How does conveyancing in Aldborough Hatch differ for newly converted properties?
Most buyers of new build residence in Aldborough Hatch approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Aldborough Hatch typically buy the land, 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 Aldborough Hatch or who has acted in the same development.
I opted to have a survey done on a house in Aldborough Hatch before retaining solicitors. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks may not grant a loan on a flying freehold home.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. If you contact us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Aldborough Hatch. Conveyancing may be slightly more expensive based on your lender's requirements.
Can you offer any advice when it comes to choosing a Aldborough Hatch conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Aldborough Hatch conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Aldborough Hatch conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
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How familiar is the practice with lease extension legislation?
We have reached the end of our tether in trying to purchase the freehold in Aldborough Hatch. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to arrive at the price payable.
An example of a Lease Extension decision for a Aldborough Hatch premises is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 61.36 years.