I am hoping to receive a mortgage offer from Lloyds. I would like to enlist the help of a Licensed Conveyancer in Aldershot. Does the Lloyds Conveyancing panel allow for conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I am the registered owner of a freehold premises in Aldershot yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Aldershot and has limited impact for conveyancing in Aldershot but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I used Arc property Solicitors a few years past for my conveyancing in Aldershot. I now require my file but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Aldershot of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Aldershot differ for newly converted properties?
Most buyers of new build residence in Aldershot approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Aldershot typically acquire 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 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 accustomed to new build conveyancing in Aldershot or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Aldershot ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some lenders tend not give a mortgage on such a property.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Aldershot. Conveyancing may be slightly more expensive based on your lender's requirements.
My wife and I about to exchange buying a house in Aldershot but as a result of damage from the recent storms I have negotiated compensation from the owner of £3k in the form of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process but my mortgage company will not agree to this. Should they have been informed?
The conveyancing practitioner listed on a lender conveyancing panel is required to advise the bank of any changes to the purchase amount. In the event that you prohibit your conveyancer to notify the reduction to your lender then they would need to refrain from acting for you and the bank.