I'm in the throws of viewing houses in Aylestone and I am about to put in an offer. Is it too early to have a solicitor in place? I intend to finance via a mortgage with RBS.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are getting a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
After weeks of negotiation I have agreed a price on a house in Aylestone. My financial adviser suggested a property lawyer. I paid an advanced payment of £225. A couple of days later, the property lawyer called me to say that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Our offer on a detached house in Aylestone has been agreed to, but there is a chain. The owners have offered on somewhere, however it’s not been accepted yet, and have viewings of other flats booked. I have chosen a high street conveyancing solicitor in Aylestone. What should be my next step? At what stage should I apply for the mortgage with Bank of Ireland?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Aylestone conveyancing search charges, etc). The first thing to do is check that your solicitor is on the Bank of Ireland conveyancing panel. Regarding the subsequent stages this very much depends on the specifics of your case, motivation for the property and on the state of the market. In a hot market some home buyers would apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it was satisfactory would they request their conveyancing practitioner to move forward with searches.
I got the keys to my flat on 3 September and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Aylestone advises it should be dealt with in a couple of weeks. Are titles in Aylestone uniquely lengthy to register?
As far as conveyancing in Aylestone registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can differ depending on who lodges the application, whether it is in order and whether the Land registry have to notify any third persons or bodies. As of today approximately three quarters of such applications are completed within two weeks but some can be subject to longer hold-ups. Registration is effected once the buyer has moved in to the property thus an expedited registration is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.
Just had an offer accepted on a new build flat in Aylestone. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Aylestone
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I opted to have a survey carried out on a house in Aylestone ahead of instructing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some lenders may refuse to give a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Aylestone. Conveyancing may be slightly more expensive based on your lender's requirements.
I own a leasehold house in Aylestone. Conveyancing and Accord Mortgages Ltd mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Aylestone who previously acted has long since retired. What should I do?
First make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Aylestone conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Aylestone - Examples of Questions you should ask Prior to buying
How many of the leaseholders are in arrears for their maintenance charge payments? For many Aylestone leaseholds the cost for major works are not built into the maintenance charges, albeit that there some managing agents in Aylestone obliged leasehold owners to contribute towards a sinking fund and this is used to offset against larger works. Its a good idea to find out as much as you can about the company managing the building as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to day to day issues such as the cleanliness of the communal areas. You should not be afraid to ask other tenants if they are happy with their service. On a final note, investigate as to the dates that the maintenance fees are due to the relevant party and precisely how they are spending the funds.