My lawyer has discovered a a problem with the lease for the property we are purchasing in Alsager. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must check that the lender is willing to move forward with this solution. Are we the client or is the lender?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
It is is a decade since I acquired my house in Alsager. Conveyancing solicitors have just been appointed on the sale but I am unable to locate my title deeds. Is this a major issue?
Don’t worry too much. Firstly the deeds may be kept by the mortgage company or they could be in the possession of the conveyancers who handled the purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Most conveyancing in Alsager involves registered property but in the rare situation where your property is not registered it adds to the complexity but is not insurmountable.
How do I find out if the solicitor conducting my conveyancing in Alsager is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus spending £175.00 in further legal charges.
Feel free to make the most of the search tool on this web page. Please choose the lender and type ‘Alsager’ or your location and you will see numerous solicitors based in Alsager or by proximity to you.
We are purchasing a apartment in Alsager. It might be a silly question but how we can trust a lawyer? On the day of competition we will need to deposit money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My wife and I have arranged a further advance on our mortgage from Clydesdale as we want to conduct renovations to our home in Alsager. Are we obliged to choose a local Alsager solicitor on the Clydesdale conveyancing panel to handle the legals?
Clydesdale do not ordinarily require a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale conveyancing panel.
We have agreed to purchase a house in Alsager. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender UBS be concerned?
Given that you are obtaining a mortgage with UBS your lawyer must check the formal instructions set out in Section two of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook contains minimum provisions for solar panel roof-space leases, and property lawyers are required to report to UBS where a lease does not comply with these requirements. The provisions relate to the installation of panels on properties countrywide and is not restricted to Alsager.
A friend recommended that where I am purchasing in Alsager I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Alsager conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Alsager around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Alsager Education with maps and statistics, Local Amenities and other useful data regarding Alsager.
How does conveyancing in Alsager differ for newly converted properties?
Most buyers of new build residence in Alsager contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Alsager usually buy 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 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 Alsager or who has acted in the same development.