is it true that all Easthampstead solicitor firms on the Aldermore conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Aldermore approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some banks do list licenced conveyancers on their panel and in that case the practice would be regulated by the Council of Licensed Conveyancers.
I have paid off my mortgage with Santander. I assume I don't need a Easthampstead lawyer on the Santander panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
Our offer on a detached house in Easthampstead has been agreed to, the vendors do however have a connected purchase. The owners have placed an offer on somewhere, however it’s not yet tied up, and have viewings of other flats booked. I have instructed a local conveyancing solicitor in Easthampstead. What do I do now? At what point should I apply for the mortgage with Aldermore?
It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx £1k, then survey, Easthampstead conveyancing search fees, etc). The first course of action is to ensure that your conveyancing practitioner is on the Aldermore conveyancing panel. As to the next phase this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. In a rising market many purchasers will apply for the mortgage with Aldermore and pay for the valuation and only if it was satisfactory would they request their solicitor to proceed with searches.
Will our solicitor be making enquiries regarding flooding as part of the conveyancing in Easthampstead.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Easthampstead. There are those who acquire a house in Easthampstead, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, but there are a numerous checks that can be initiated by the purchaser or by their conveyancers which should figure out the risks in Easthampstead. The standard information supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the seller to discover whether the premises has suffered from flooding. If the premises has been flooded in past and is not revealed by the vendor, then a purchaser could issue a legal claim for losses as a result of such an inaccurate answer. A buyer’s conveyancers should also carry out an enviro report. This will indicate whether there is any known flood risk. If so, further inquiries should be made.
I am looking for a flat up to £305k and identified one close by in Easthampstead I like with amenity areas and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Easthampstead suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
Taking into account that I will soon part with hundreds of thousands of pounds on 3 bedroom house in Easthampstead I would like to talk to a lawyer regarding theconveyancing before appointing the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer due to be conducting your property ownership legalities in Easthampstead.There is no ‘factory style conveyancing’ - every client is an important person, not a matter number. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in Easthampstead should be the figure that you are charged.
Finally our conveyancing in Easthampstead is set to complete next Friday, but the people I am buying from has asked to vacate on the Saturday midday. Can I accept such a idea?
Where you are having a bank loan then your conveyancer will insist that the premises arevacant on Friday - the lending institution will compel it.