Me and my partner are due to complete buying a property in Alrewas but as a consequence of wreckage from the recent storms I have managed to agree recompense from the current proprietors of £2k in the form of a adjustment in the price. I had intended this to be dealt with as part of a side agreement but Clydesdale are not allowing this. Should they have been notified?
Any solicitor that is on a Clydesdale conveyancing panel is obliged to inform Clydesdale of any changes to the purchase price. If you were to refuse your lawyer to report the reduction to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new property lawyer for your conveyancing in Alrewas.
Why do I have to pay up front for my conveyancing in Alrewas?
Where you are retaining lawyers for conveyancing in Alrewas your lawyer will request that you place them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. When the down payment is payable against the sale price then this will be required immediately in advance of exchange of contracts. The closing balance that is due will be payable shortly before completion.
My stepmother informed me that in purchasing a property in Alrewas there may be various restrictions preventing external alterations to the property. Is this right?
We are aware of anumerous of properties in Alrewas which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Alrewas should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am selling my house. I had a double glazing fitted in August 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Aldermore are being difficult. The Alrewas solicitor who is on the Aldermore conveyancing panel is saying indemnity insurance will be fine but Aldermore are insisting on a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have instructed a Alrewas conveyancing practitioner having made sure that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Alrewas postcode. As you are getting a mortgage with UBS, you could contact them to see if they have a list of approved surveyors in Alrewas.
My wife and I purchased a 4 bedroom Georgian house in Alrewas. Conveyancing lawyer acted for me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Alrewas and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing practitioner who completed the work.
How does conveyancing in Alrewas differ for newly converted properties?
Most buyers of new build property in Alrewas contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is completed. This is because developers in Alrewas tend to 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 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 Alrewas or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and identified one close by in Alrewas I like with open areas and station in the vicinity, however it only has 49 years on the lease. I can't really find anything else in Alrewas for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.