My wife and I are due to exchange buying a house in County Durham but as a consequence of wreckage from a small fire at the property I have managed to agree reparation from the seller of £2k in the form of a deduction in the price. I had intended this to be addressed as part of a side agreement but Aldermore are not allowing this. Why were they informed?
Your solicitor that is on the Aldermore approved list is duty bound to inform Aldermore of any changes to the sale price. If you prohibit your property lawyer to report the price change to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new conveyancing practitioner for your conveyancing in County Durham.
I am refinancing my apartment in County Durham, does my lawyer need to be on the Leeds Building Society Conveyancing panel?
In theory, you could use a solicitor that is not on the Leeds Building Society conveyancing panel, but Leeds Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
We are purchasing a flat in County Durham. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to put money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My bid for a property was accepted at auction in County Durham. Conveyancing is necessary. What happens now?
Having legally bound yourself to purchase you should hire the services of a conveyancing practitioner soon as you are faced with a fast approaching deadline in which to complete the conveyancing. Every auction property should have a corresponding legal pack. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You must hand this to the solicitor instructed by you at the earliest opportunity. You also need to ensure that you have funds organised to complete on the date specified in the contract.
I have decided to exercise my right to buy my property in County Durham off the council. I have a mortgage offer with Yorkshire BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
Am I best advised to go with a County Durham conveyancing practitioner based in the vicinity that I am buying? I have an old university friend who can handle the conveyancing but her office is 400kilometers drive away.
The primary upside of using a local County Durham conveyancing firm is that you can visit the firm to sign documents, present your ID and apply pressure on them where appropriate. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and the majority were content that must trump using an unfamiliar County Durham conveyancing solicitor just because they are round the corner.
How much experience do your County Durham conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
County Durham conveyancing lawyers help thousands of people move home every year and helped lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique County Durham conveyancers have worked on recent similar cases.