I have just been advised by my financial adviser that my Moston lawyer is not on the lender Solicitor panel. What can I do to be sure whether this is correct?
The sensible course of action for you to take is to call your Moston conveyancer. You lawyer should notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
Can you clarify what the consequences are if my solicitor is removed from the Co-operative Solicitor panel ahead of completing my conveyancing in Moston?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
My colleague suggested that if I am buying in Moston I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Moston conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Moston around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information concerning Moston.
Due to the input of my in-laws I had a survey completed on a property in Moston before retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some lenders tend refuse to give a loan on this type of home.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Moston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Moston to see if the conveyancing will be more expensive.
Hoping to buy a property located in Moston and I am already nervous. I couldn't find anything specific about Moston. Conveyancing will be needed in due course but do you know about the Moston area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Moston. In the meantime here are some basic statistics that we found