I opted for a Aylestone based lawyer for our conveyancing in Aylestone recently. After carefully reading the official terms of business I seeI am liable for costs even if our purchase doesn't happen. Should I ditch them and appoint a web based lawyer offering no move no charge conveyancing in Aylestone?

Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the conveyancing charges will tend to be be uplifted to neutralise those transactions that abort. Dont forget that such arrangements rarely cover outlay such your Aylestone conveyancing search charges.

Do the Building Society Association intend to launch a searchable register to to identify solicitors on the Coventry BS conveyancing panel for instance in Aylestone?

We are not aware of any plans on the part of the BSA to promote such a tool.

How does conveyancing in Aylestone differ for newly converted properties?

Most buyers of new build property in Aylestone come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Aylestone tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Aylestone or who has acted in the same development.

I opted to have a survey carried out on a property in Aylestone prior to appointing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some banks will refuse to grant a mortgage on this type of house.

It depends who your proposed lender is. Lloyds has different requirements from Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Aylestone. Conveyancing will be smoother if you use a solicitor in Aylestone especially if they are familiar with such properties in Aylestone.

I am short of a 10% deposit on my apartment purchase in Aylestone , but I am keen exchange. Do I have options?

You can agree a smaller deposit. Most property owners will accept a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second