I am purchasing a brand new flat in Aylesbury and my solicitor is telling me that she has to the lender to reveal incentives from the seller. I am on a tight deadline to exchange contracts and I would rather not delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Please help - my lawyer advises that missing deeds insurance is needed on my purchase. What is the level of cover for Aylesbury conveyancing?
The appropriate level of missing deeds indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Coventry Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
I am expecting a OIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Aylesbury solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Aylesbury solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
Intending to buy a flat in Aylesbury. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Aylesbury solicitor is on the Clydesdale conveyancing panel.
Me and my brother have a 4 bedroom Georgian property in Aylesbury. Conveyancing lawyer represented me and Coventry Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aylesbury and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing solicitor who conducted the work.
Due to the encouragement of my in-laws I had a survey completed on a house in Aylesbury in advance of appointing solicitors. I have been told that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend not grant a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Aylesbury. Conveyancing will be smoother if you use a solicitor in Aylesbury especially if they are familiar with such properties in Aylesbury.
Hoping to buy a property located in Aylesbury and I am already nervous. I couldn't find anything specific about Aylesbury. Conveyancing will be needed in due course but do you know about the Aylesbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Aylesbury. In the meantime here are some basic statistics that we found