I plan on purchasing a maisonette in Audley. My Conveyancer is not on the lender approved panel. Am I still permitted to continue with my Audley conveyancing solicitor even though they are not on the bank list of approved lawyers?
You will need to appoint a solicitor to complete the legal work required when you require a mortgage to purchase your home. They will conduct all the necessary legal checks on the property, make sure that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is dealt with. One could appoint a Audley property lawyer of your choice. Nevertheless, where the solicitor appointed is not a member of the mortgage company conveyancing panel supplemental fees will be incurred as separate legal representation will be need by the lender. Conveyancing panel applications may be submitted, so where your lawyer has not historically sought membership they should take the opportunity to apply.
I have given 8 weeks notice to my existing landlord and must be out of my rented apartment in Audley by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in a couple of weeks as don't want to have to find temporary accommodation?
It is unwise to serve notice for your lease until exchange of contracts has taken place. If you have not previously done so, speak to your solicitor and urge them to they seek the assistance the other side, try to get a realistic time scale from them that everyone will look towards
I have been advised by my lawyer that restrictive coveneant insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Audley?
The appropriate level of restrictive coveneant indemnity insurance depends on who your lender is. It would differ for example between Accord Mortgages Ltd and Coventry Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.
Is it the case that all Audley solicitors on the TSB conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the TSB conveyancing panel they would need to be governed by the SRA. Some lenders do allow licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
Having read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Audley solicitor - who is on the Leeds Building Society conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Leeds Building Society will need an independent valuation of the property. Your lawyer will not arrange this. Usually Leeds Building Society 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. You may wish to consider appointing your own Audley surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I used Wolstenholmes several years ago for my conveyancing in Audley. I now require my papers but cannot find the solicitor. What do I do?
You should contact 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 Audley of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one round the corner in Audley I like with amenity areas and railway links nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Audley in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan that many years will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
As co-executor for the will of my grandmother I am disposing of a residence in Neath but I am based in Audley. My solicitor (who is 300 miles awayneeds me to execute a stat dec before the transaction finalising. Can you recommend a conveyancing solicitor in Audley to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are located in Audley