My wife and I are about to complete buying a property in Neath Abbey but as a consequence of wreckage from the recent storms I have was able negotiate recompense from the vendor in the sum of six thousand pounds taking the form of a adjustment in the price. I had intended this to be dealt with as part of amending the contract however Aldermore are not allowing this. Why were they approached?
Your solicitor that is on a Aldermore approved list is duty bound to inform Aldermore of any amendments to the sale price. If you prohibit your conveyancer to notify 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 Neath Abbey.
My Solicitor in Neath Abbey has never been on on the The Mortgage Works Conveyancing Panel. Can I still retain my prefered solicitor notwithstanding that they are excluded from the The Mortgage Works panel?
The limited options available to you here include:
- Complete the purchase with your preferred Neath Abbey solicitors but The Mortgage Works will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the total conveyancing fees as well as result in frustration.
- Choose a new practitioner to act in the conveyancing, remembering to check they are The Mortgage Works approved.
- Try to convince your The Mortgage Works based solicitor to try to join the The Mortgage Works panel
My wife and I purchased a 4 bedroom Georgian property in Neath Abbey. Conveyancing solicitor acted for me and Virgin Money. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Neath Abbey and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing lawyer who completed the work.
I decided to have a survey done on a property in Neath Abbey prior to retaining solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will not issue a loan on this type of house.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Neath Abbey. Conveyancing will be smoother if you use a solicitor in Neath Abbey especially if they are acquainted with such properties in Neath Abbey.
Are all Neath Abbey law firms on every bank conveyancing panel?
You can use our search tool or you can pop into your high street bank branch in Neath Abbey. the probability is that they will know some good conveyancing solicitors in Neath Abbey