A colleague recommended that if I am buying in Bishops Waltham I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Bishops Waltham conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Bishops Waltham 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 type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Bishops Waltham Education with plans and statistics, Local Amenities and other useful information regarding Bishops Waltham.
How does conveyancing in Bishops Waltham differ for newly converted properties?
Most buyers of new build premises in Bishops Waltham come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Bishops Waltham typically buy the land, 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 property lawyers 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 Bishops Waltham or who has acted in the same development.
I have been on the look out for a ground for flat up to £195,000 and found one close by in Bishops Waltham I like with open areas and station nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Bishops Waltham for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
We're first time buyers - had an offer accepted, yet the property agent told us that the vendor will only move forward if we appoint their preferred conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Bishops Waltham
It is highly unlikely the sellers are driving this. If they desire ‘a quick sale', turning down a motivated buyer is counter productive. Contact the vendors directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you will continue to instruct your own,trusted Bishops Waltham conveyancing solicitors - not the ones that will earn the negotiator at the agency a kickback or achieve conveyancing targets set by HQ.
Can you offer any advice when it comes to choosing a Bishops Waltham conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Bishops Waltham conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non Bishops Waltham conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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If they are not ALEP accredited then what is the reason? What volume of lease extensions have they completed in Bishops Waltham in the last twenty four months?
Bishops Waltham Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing
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Please tell me if there are any major works in the planning that could add a premium to the service fees? How many of the leaseholders are in arrears for their service charge payments? What is the maintenance charge and ground rent on the apartment?
Do I have to attend the offices of the bank conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Bishops Waltham so that I can attend their offices when needed.
Most conveyancing panel lawyers for the mortgage company undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Bishops Waltham. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.