When will exchange of contracts take place for residential conveyancing in Aughton and am I required to attend the conveyancers office?
Where you are round the corner to our conveyancing solicitors in Aughton you are invited in to sign the paperwork. However, the law practices we work with supply a national conveyancing service and provide just as detailed and professional a job for you when communicating with you digitally. The executing of the contract is not the point of no return. A signed contract simply enables the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Aughton)to be in the office at the appropriate time.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Aughton. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/3/2024, the requirements read as follows :
I am assisting my mother sell her house in Aughton. Does the conveyancing solicitor arrange the energy performance certificate or it is for me to coordinate?
Following the abolition of HIPs, EPC’s remained a required component of moving property. An energy assessment should be commissioned prior to the property being put on the market. It is not a task that lawyers normally organise. Where you are using a Aughton conveyancing lawyer they may be willing to arrange EPC’s due to their contacts with reputable local assessors
Is it the case that all Aughton solicitor practices on the Virgin Money conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be overseen by the SRA. The majority of lenders do list licenced conveyancers on their panel and in that case the organisation would be overseen by the Council of Licensed Conveyancers.
Completion of my purchase has taken place for my property in Aughton. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Are there restrictive covenants that are commonly identified during conveyancing in Aughton?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Aughton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in Aughton benefiting from help to buy. The sellers refused to move on the amount so I negotiated 6k of extras instead. The sale representative told me not inform my solicitor about the deal as it would impact my loan with Nottingham Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Aughton is the location of the property. What do you suggest?
Flying freeholds in Aughton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Aughton you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Aughton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.