I decided to go with a high street solicitor for our conveyancing in Alderley Edge recently. Reviewing the Terms and Conditions I seewe are liable for charges even where the conveyance does not complete. Should I ditch them and instruct a web based lawyer offering no-sale-no-fee conveyancing in Alderley Edge?
It is usually a trade off in that if "No Sale No Fee" is offered then the conveyancing charges will generally be more expensive to neutralise the cases that do not proceed. You should be mindful that such offerings rarely cover expenditure for example Alderley Edge conveyancing search charges.
I have given 8 weeks notice to my current landlord and must be out of my rented property in Alderley Edge by 17/11/2020. Conveyancing for my house purchase has just started. How realistic is it to complete in a couple of weeks as I wish to avoid having to find short term accommodation?
Generally one should not provide notice on a rental until exchange of contracts has taken place. If you have not already done so, notify to your solicitor and request that they chase the other side, try to a target completion date that everyone will aim to achieve
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Alderley Edge. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/9/2020, the requirements read as follows :
I have been told that property searches are a common cause of stalling in Alderley Edge conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of holding up conveyancing in Alderley Edge.
I am looking for a flat up to £235,500 and found one round the corner in Alderley Edge I like with a park and transport links in the vicinity, however it's only got 52 years on the lease. There is not much else in Alderley Edge in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
How simple is it to use your search tool to get a quote from a conveyancing practitioner in Alderley Edge on the panel for my lender?
First pick a lender such as Santander, Norwich and Peterborough Building Society or Platform Home Loans Ltd then specify your location e.g. Alderley Edge. Conveyancing organisations in Alderley Edge and beyond will then be listed.