We are selling our flat in Tilehurst. Does my conveyancing practitioner need to be on the Aldermore conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.
I used Action Conveyancing several years ago for my conveyancing in Tilehurst. Now, I need my documents however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Tilehurst 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.
I decided to have a survey carried out on a house in Tilehurst in advance of instructing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies will not give a mortgage on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Tilehurst. Conveyancing will be smoother if you use a solicitor in Tilehurst especially if they are familiar with such properties in Tilehurst.
Is it best to go with a Tilehurst conveyancing lawyer based in the area that I am hoping to buy? I have an old university friend who can conduct the legal formalities but his firm is located a couple of hundredkilometers away.
The primary upside of using a high street Tilehurst conveyancing firm is that you can drop in to execute paperwork, deliver your ID and apply pressure on them if necessary. Having local Tilehurst know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that must trump using an unknown Tilehurst conveyancing lawyer solely due to them being round the corner.
I work for a busy estate agent office in Tilehurst where we have experienced a few leasehold sales derailed as a result of short leases. I have received inconsistent advice from local Tilehurst conveyancing solicitors. Can you clarify whether the owner of a flat can start the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Tilehurst Leasehold Conveyancing - A selection of Queries Prior to buying
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Who is in charge of the building? How much is the ground rent and service charge? Does the lease have onerous restrictions?
My wife and I have recently appointed a conveyancing solicitor in Tilehurst. I I would like to check if they are listed on the lender's approved list of lawyers. Could you assist?
It’s a good idea call the solicitor and ask them if they are on the bank's panel. If that does not help get in touch with us and we can make some checks for you. If they are not on the bank panel we we can help find a quality conveyancing solicitor in Tilehurst on the approved list for your mortgage company.