We note that you have a post code search directory identifying solicitors on the Aldermore conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Holmrook?

We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Holmrook.

How does conveyancing in Holmrook differ for newly converted properties?

Most buyers of new build premises in Holmrook come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because house builders in Holmrook usually acquire 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 Holmrook or who has acted in the same development.

I decided to have a survey completed on a house in Holmrook ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some lenders tend not give a mortgage on a flying freehold property.

It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Holmrook. Conveyancing will be smoother if you use a solicitor in Holmrook especially if they are familiar with such properties in Holmrook.

Am I right to be concerned by third parties that I am dealing with are recommending a factory type conveyancing firm rather than a High Street Holmrook conveyancing company?

As with lots of service providers, often recommendations from family and friends can be most helpful. Nevertheless there are numerous players in a conveyancing deal; estate agents, financial adviser and lenders may suggest conveyancers to select. On occasion these lawyers might be known to one of the organisations as one of the best in their field, but sometimes there is an underlying financial incentive behind the recommendation. You have the discretion to choose your preferred conveyancer. Don't forget that the majority of banks operate an approved list of conveyancers you are obliged to use for the mortgage aspect of your transaction.

I've recently bought a leasehold flat in Holmrook. Am I liable to pay service charges relating to a period prior to my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Holmrook Leasehold Conveyancing - Sample of Queries Prior to Purchasing

Are any of leasehold owners in arrears of their service charge payments? This information is helpful as a) areas could cause problems in the block as the common areas may start to deteriorate if maintenance remain unpaid b) if the tenants have a dispute with the running of the building you will wish to know about it