I happen to be the only recipient of my late father’s will with all property in now in my sole name, including the my former home in Alfreton. The Alfreton property was put into my name in November. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship will be regarded the same way as though I had purchased the property in November. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. How sensible a view banks take of it, depend on the bank as this requirement is principally there to capture the purchase and immediately sell or the wholesaling and assigning of property.
Is there a list of Kent Reliance panel solicitors in Alfreton on the Council of Mortgage Lender’s Website?
No. There is no such facility on the CML or Building Society Association websites. A small selection of banks make their panel listings viewable online. If you are seeking to appoint a Alfreton conveyancer on the Kent Reliance please use our facility.
Having digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Alfreton solicitor - who is on the Aldermore conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Alfreton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Due to the guidance of my in-laws I had a survey completed on a house in Alfreton ahead of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies may not grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. If you call us we can check 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 Alfreton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Alfreton to see if the conveyancing will be more expensive.
I'm remortgaging my primary home to a BTL mortgage with Clydesdale and intend to use the remaining equity as a deposit on further house. The location we are looking at is Alfreton. Will your solicitors be able to act for both sets of banks and tie in the transactions?
Do use our comparison tool on this site to be sure that the solicitors are on the relevant lender panels. Assuming that they are your solicitor should be able to simultaneously deal with the two transactions but you should talk with you solicitor and make clear your desired outcome and requirements.
I have been sourcing a conveyancing solicitor in Alfreton for my house move. Is there any facility to review a firm’s record with the profession’s regulator?
Anyone may search for published Solicitor Regulator Association (SRA) decisions stemming from investigations started on or after 1 January 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training purposes.
I'm selling a property in Alfreton. I have found my conveyancer's company on the CLC list, but I can't see my lawyer's name as listed on the regulator's website. Should I be concerned?
Not every individual in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.