I am considering applying for a Barclays mortgage for purchase of a newly converted (under development) in Alderley Edge with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
How does conveyancing in Alderley Edge differ for newly converted properties?
Most buyers of new build property in Alderley Edge contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Alderley Edge usually 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 Alderley Edge or who has acted in the same development.
I opted to have a survey completed on a house in Alderley Edge in advance of appointing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor advised that some mortgage companies will not give a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can investigate further with 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 Alderley Edge. Conveyancing will be smoother if you use a solicitor in Alderley Edge especially if they are acquainted with such properties in Alderley Edge.
Are there any apps to help locate a Alderley Edge law firm on the Leeds Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the conveyancer.
You can use the tool on this page. Please select a lender and your location and you will see a number of Alderley Edge conveyancing lawyers located nearest you. We have listed some Alderley Edge conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the Leeds Building Society member panel
We're FTB’s - agreed a price, yet the property agent has warned us that the vendor will only move forward if we appoint their preferred conveyancers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local conveyancer accustomed to conveyancing in Alderley Edge
It is highly unlikely the sellers are driving this. If they want ‘a quick sale', turning down a genuine purchaser is going to damage their objectives. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Alderley Edge conveyancing solicitors - not the ones that will earn the estate agent a kickback or meet his conveyancing thresholds pre-set by corporate headquarters.
I am an executor of my recently deceased mum’s Will, with a property in Alderley Edge which will be sold. The bungalow has never been registered at the Land Registry and I'm told that many purchasers will insist that it is in place before they'll move forward. What's the procedure for this?
In the situation you refer to it seems prudent to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.