I am purchasing an apartment in Alford. My Solicitor has never been on on the mortgage company conveyancing panel. Am I still permitted to use my Alford conveyancing solicitor even though they are not on the bank list of approved lawyers?
You have numerous options open to you here
- Complete the purchase with your chosen Alford conveyancing practitioner but your bank will undoubtedly retain a conveyancer from their approved panel. The net result is additional cost and likely delay.
- Appoint a fresh solicitor to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your solicitor to apply to join the lender panel
Would the conveyancing solicitors via your comparison service carry out attended exchange conveyancing in Alford?
There are a few conveyancing experts who can conduct 24hr exchanges. Do call us to receive a fee calculation and details as to dates.
Should our lawyer be raising enquiries regarding flooding during the conveyancing in Alford.
The risk of flooding is if increasing concern for lawyers dealing with homes in Alford. There are those who purchase a house in Alford, fully aware that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a number of searches that may be undertaken by the purchaser or on a buyer’s behalf which can figure out the risks in Alford. The conventional set of completed inquiry forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual question of the owner to find out whether the property has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the seller, then a purchaser could commence a legal claim for losses resulting from an inaccurate answer. A buyer’s lawyers will also commission an enviro search. This will indicate if there is a recorded flood risk. If so, further investigations should be made.
I decided to have a survey done on a house in Alford ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you contact us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Alford. Conveyancing will be smoother if you use a solicitor in Alford especially if they regularly deal with such properties in Alford.
Me and my partner are expecting to exchange on the purchase a house in Alford but as a result of wreckage from the recent storms I have agreed reparation from the current proprietors of four thousand pounds by way of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process but my mortgage company will not agree to this. Why were they notified?
Your property lawyer listed on a lender conveyancing panel is duty bound to inform the mortgage company of any amendments to the purchase price. If you did not allow your conveyancer to disclose the reduction to your bank then they would have to discontinue acting for you and the bank.