We are acquiring our first property. The conveyancing practitioner has texted usto see if we would like to purchase supplemental conveyancing searches. As novices we are clueless as to what's recommended for conveyancing in Astwood Bank
The number and type of Astwood Bank conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your knowledge of the region and risks, your overall approach to risk. What matters is that you properly appreciate what information the searches could give you. You may then make a decision if you personally think you need that search. Should you be in doubt, ask the conveyancing practitioner to guide you.
A relative advised me that in buying a property in Astwood Bank there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of a number of properties in Astwood Bank which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Astwood Bank should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We are getting the release of further monies on our mortgage from RBS as we wish to conduct improvements to our house in Astwood Bank. Are we obliged to choose a high street Astwood Bank solicitor on the RBS conveyancing panel to handle the legals?
RBS do not ordinarily appoint firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS panel.
I was told four weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Astwood Bank is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
The deeds to my house can not be found. The lawyers who dealt with the conveyancing in Astwood Bank 10 years ago are no longer around. Will I be able to sell the house?
As long as you have a registered title the information relating to your proprietorship will be evidenced by HMLR under a Title Number. It is easy to execute a search at the Land Registry, identify your house and order up to date copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases retain a file copy of the Registered Lease and again, a copy can be retrieved for a small fee.
I'm converting the mortgage on my current home to a BTL loan with Chelsea Building Society and intend to use the remaining equity as a down payment on another property. The area we are interested in is Astwood Bank. Will your lawyers be able to act for the two lenders and tie in the two deals?
Do use our comparison tool on this site to be sure that the lawyers are on the appropriate lender panels. Assuming that they are the conveyancer should be able to tie up the two deals but you should talk with you solicitor and make apparent your desired outcome and requirements.
My partner and I expecting to exchange on the purchase a property in Astwood Bank but as a result of wreckage from the recent storms I have negotiated compensation from the owner of £2k by way of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process but my mortgage company will not permit this. Why were they notified?
Your lawyer listed on the mortgage company approved list is duty bound to disclose to the lender of any amendments to the purchase figure. In the event that you were to refuse your conveyancer to disclose the reduction to your bank then they would need to refrain from acting for you and the mortgage company.