I selected a local solicitor for my conveyancing in Aldridge yesterday. Reviewing the Ts and Cs I notewe are responsible for fees even if the dealdoes not happen. Should I go with them or instruct a web based solicitor practice advertising no move no charge conveyancing in Aldridge?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the conveyancing charges will generally be more expensive to neutralise those conveyances that do not go ahead. You should be mindful that such promotions tend not to cover expenses for example Aldridge conveyancing search expenses.
The Aldridge conveyancing firm handling our Aldridge conveyancing has discovered a difference when comparing the information in the valuation survey and what is revealed within the title deeds. My lawyer says that he needs to check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance right?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
We are buying a property and the conveyancer has raised the issue of Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. She has suggested insurance. Is this really required for conveyancing in Aldridge
Unless a prior purchase of the house took place after 12 October 2013 you can take it that lawyers handling conveyancing in Aldridge to remain encouraging a chancel search and or chancel repair liability insurance.
I decided to have a survey carried out on a property in Aldridge prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies will refuse to issue a mortgage on such a house.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Aldridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Aldridge to see if the conveyancing costs will increase in light of this.
My husband and I are acquiring a 2 bedroom flat in Aldridge. At the time of instructing our conveyancing practitioner, they said that they were on all mainstream mortgage company panels. Our mortgage broker called yesterday to advise that they are not on the Co-operative approved list. Were it to be true, what should we do? Do we simply find a new conveyancing practitioner that is on their approved list or do we pay for dual representation, with Co-operative selecting their own preferred conveyancing practitioner.
When purchasing a property with mortgage finance it is conventional for the buyer’s lawyers to also act for the purchaser's lender. In order to act for a bank or building society a solicitor has to be on that lender's list of approved lawyers. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancing practitioner has to satisfy. Some lenders now insist their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancer should contact Co-operative to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Co-operative's conveyancing panel and you may continue to use your own Aldridge solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another conveyancing practitioner into the mix.