I am considering applying for a Aldermore mortgage for purchase of a newly converted (under development) in Costessey with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I have been told that property searches are the main cause of obstruction in Costessey conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Costessey.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Costessey is where the house is located. Can you shed any light on this issue?
Flying freeholds in Costessey are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Costessey you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Costessey may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My father has urged me to instruct his conveyancers in Costessey. Do I take his advice?
Much as we are happy to recommend a Costessey conveyancing lawyer the ideal way to select a conveyancing practitioner is to seek recommendations from friends or relatives who have actually experience in using the firm that you are contemplating using.
Do online conveyancing organisations cover everything a high street Costessey solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Costessey?
If you use an online conveyancer they will undertake all the tasks your Costessey conveyancer will cover.