Last May we completed a house move in Aylestone. We have since encountered a number of issues with the house which we suspect were omitted in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that needed to have been carried out as part of conveyancing in Aylestone?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Aylestone. Conveyancing searches and investigations undertaken during the legal transfer of property are supposed to help avoid problems. As part of the process, a property owner completes a form called a SPIF. answers proves to be inaccurate, you could possibly take legal action against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Aylestone.
Finally the sale completed on my house in Aylestone last March yet the purchaser is texting every few hours to moan that her solicitor needs to hear from mine. What should my lawyer have done following completion?
Post completion of your sale your conveyancer is committed to deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. Where relevant, your solicitor should also send confirmation that the home loan has been redeemed to the buyers lawyers. There is unlikely to be post completion formalities specific conveyancing in Aylestone.
There are a variety of conveyancing solicitors in Aylestone but how do I know who's good?
It would be unwise to be tempted by the cheapest Aylestone conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
When it comes to mortgage companies such as TSB, do Aylestone property lawyers have to pay a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
It is not clear whether my mortgage offer requires a lease extension. I have telephoned my Aylestone bank branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Aylestone conveyancing solicitor - who is on the bank conveyancing panel- called to say that they would not lend based on their specific requirements. Who do I believe?
Your conveyancer must follow the CML Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am looking for a flat up to £305k and identified one round the corner in Aylestone I like with amenity areas and station nearby, however it's only got 61 years unexpired on the lease. There is not much else in Aylestone for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I am a sole trader intending to take over a lease of an office on the high street. Can you recommend lawyers offering no-move-no charges for commercial conveyancing in Aylestone for below 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Aylestone, including the disposal and acquisition of businesses as well as simply property. If you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will find you the right lawyer. Regarding the costs this will depend on the structure and terms of the proposed transaction. Please provide us with your details or telephone so as to enable us to furnish you with a detailed commercial conveyancing calculation.
I am looking to buy a repossessed flat in Aylestone and the vendor require completion within a month. Can a conveyancer complete in this timeframe? Am I best advised to instruct a high street Aylestone firm or an online organisation that professes to complete quickly?
Visit your Aylestone shopping parade. Go in to two or three firms and ask to see a conveyancing solicitor for a quote. Explain your situation and seek assurances on speed. Choose the firm that comes across as most trustworthy. You need to choose a property lawyer on the list of conveyancers approved by your lender.