At what point does exchange of contracts occur in domestic conveyancing in Aylesbury and do I need to be at the solicitors branch?
If you are near to one of the conveyancing solicitors in Aylesbury you are welcome to come in to sign documents. That being said, the law practices we recommend provide a nationwide conveyancing service and provide just as diligent and professional a job for you when dealing with you by post or email. The executing of the property agreement is not when everything is set in stone. Signing on the dotted line is necessary for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Aylesbury)to be in the office at the appropriate time.
I have been recommended a conveyancing solicitor in Aylesbury. I need to find out if they are accepted on the Virgin Money approved list of lawyers. Could you help?
The first thing you should do is e-mail your lawyer and enquire if they can act for the lender. Alternatively you can get in touch with Virgin Money who may be able to help.
Due to the guidance of my in-laws I had a survey completed on a house in Aylesbury ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders may not give a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Aylesbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Aylesbury to see if the conveyancing will be more expensive.
I am thinking of appointing a conveyancing practitioner in Aylesbury for my home move. Is there any facility to check a firm’s record with the legal regulator?
You may review presented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator may monitor call for training requirements.
We are in the middle of buying a property in Aylesbury. Conveyancing solicitor has told us the property is "Leasehold". Should this adversely affect our lender’s valuation?
Aylesbury conveyancing does not usually involve leasehold houses. The key consideration here is the length of lease and the ground rent. If there are hundred of years years remaining with a nominal rent, it's essentially freehold, so it shouldn't impact the marketability significantly.
On the flip side, if it's, say, 50 years it is bound to have a material impact on the value, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease which should be made available to your conveyancer.