Can you help? My Aldershot lawyer is informing me me that she is duty bound toconduct Aldershot conveyancing searches becausethe firm are on the HSBCsolicitor panel. Do I not have any say here?
You have limited options available to you. Given that you are taking out a loan with a bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Aldershot conveyancing searches.
The deeds to our home are lost. The conveyancers who did the conveyancing in Aldershot 4 years ago no longer exist. Will I be able to sell the house?
You no longer need to hold title deeds to evidence that you own the land or property, as the Land Registry hold details of all registered land or property electronically.
I am buying a new build house in Aldershot benefiting from help to buy. The builders refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not disclose to my conveyancer about the deal as it would adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 have been on the look out for a flat up to £305k and found one round the corner in Aldershot I like with a park and station nearby, the downside is that it only has 51 years on the lease. There is not much else in Aldershot suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage that many years will be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
Is it simple use the search facility to find a conveyancing solicitor in Aldershot on the panel for my lender?
Step one is to pick a lender such as Lloyds TSB Bank, The Royal Bank of Scotland or Alliance & Leicester then choose your preferred area e.g. Aldershot. Conveyancing organisations in Aldershot and further afield will then be shown.