We're in Aldridge, First timers purchasing with a mortgage (lender is Nottingham , and our lawyer is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Aldridge?
Two types of professional can do conveyancing in Aldridge namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that required to complete the disposal or acquisition of property. Both are duty bound to perform Aldridge conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be professionally administered and that all requisite procedures will be appropriately attended to.
I am purchasing a terrace house in Aldridge. Our aim is to carry out a loft conversion at the house.Will the conveyancing process involve investigations to determine if these works are prohibited?
Your conveyancer should check the registered title as conveyancing in Aldridge can sometimes reveal restrictions in the title deeds which prohibit certain works or necessitated the permission of another owner. Some additions need local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be prudent to check these issues with a surveyor prior to committing yourself to a purchase.
I currently have a mortgage with Virgin Money for my property in Aldridge. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Virgin Money?
You must advise Virgin Money in advance of letting out your property as this is likely to be a breach of Virgin Money’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. It should not be necessary to do this via a Virgin Money conveyancing panel lawyer.
Despite weeks of looking the Title Certificate and documents to our home are lost. The conveyancers who handled the conveyancing in Aldridge 5 years ago are no longer around. What are my options?
Assuming you have a registered title the details of your ownership will be retained by the Land Registry under a Title Number. It is possible to conduct a search at the Land Registry, locate your property and obtain current copies of the property title for less than a fiver. If the title is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
How does conveyancing in Aldridge differ for newly converted properties?
Most buyers of new build property in Aldridge approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Aldridge tend to acquire the site, 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 conveyancing solicitors 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 Aldridge or who has acted in the same development.
What is different about your site and other online quote calculators when it comes to conveyancing in Aldridge?
At this site get a conveyancing quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Aldridge. Unlike many estate agents and many comparison sites we do not have commission deals with solicitors. A large number of agents and online brokers 'recommend' the firm paying the most commission, not the best value conveyancing in Aldridge