It has come to my attention via my estate agent that my Baldock property lawyer is not on the bank Conveyancing panel. How can I be certain that this is indeed the case?
The first thing you need to do is to contact your Baldock conveyancer. You lawyer should inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Various internet forums that I have frequented warn that are the main cause of hinderance in Baldock conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Baldock.
I am looking for a ground for flat up to £195,000 and identified one close by in Baldock I like with open areas and railway links nearby, the downside is that it only has 52 years on the lease. I can't really find anything else in Baldock suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan that many years will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
We're FTB’s - agreed a price, yet the property agent informed us that the seller will only go ahead if we use the agent's preferred conveyancers as they are insisting on an ‘expedited deal’. We would rather use a family conveyancer with experience of conveyancing in Baldock
It is highly unlikely the owners are behind this. If they want ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you will continue to instruct your preferred Baldock conveyancing firm - rather thanthe ones that will give the estate agent a kickback or hit his conveyancing figures demanded by head office.
Looking forward to exchange soon on a leasehold property in Baldock. Conveyancing lawyers inform me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Baldock should include some of the following:
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The physical extent of the demise. This could be the property itself but could also incorporate a attic or cellar if appropriate. Who has the liability for maintaining the window frames Rent payments - how much and when is collected, and also know whether this is subject to change Specifying your rights in relation to common areas in the block.For example, does the lease grant a right of way over a path or staircase? What remedies are open the freeholder should you are in breach of your lease terms?
Leasehold Conveyancing in Baldock - Sample of Queries Prior to buying
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How long is the Lease? The best form of lease arrangement is a share of the freehold. In this situation the lessees have being in charge if their destiny and even though a managing agent is frequently retained where it is larger than a house conversion, the managing agent retained by the leaseholders.
Our mortgage broker has recommended their solicitor for the conveyancing in Baldock - Is it not simpler advisable to just use them?
It is not always the case and you are free to use whichever conveyancing practitioner you prefer for your Baldock conveyancing. A conveyancer recommended by an estate agent may not necessarily be the right solicitor, they may recommend their own conveyancing firm who are based remotely. In this instance you may not have contact with your solicitor and due to the lack of continuity in the transaction, it may be difficult to obtain updates.