We're in Borough Green, FTBs purchasing with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS 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.
How does conveyancing in Borough Green differ for new build properties?
Most buyers of new build property in Borough Green contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Borough Green usually acquire the real estate, 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 accustomed to new build conveyancing in Borough Green or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Borough Green before instructing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some banks will not issue a loan on this type of home.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Borough Green. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Borough Green cover?
Non domestic conveyancing in Borough Green incorporates a broad array of advice, provided by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My brother has suggested that I appoint his lawyers for conveyancing in Borough Green. Should I choose my own solicitor?
There are no two ways about it the ideal way to choose a conveyancing practitioner is to have feedback from friends or family who have used the solicitor you're are thinking of instructing.
Can you offer any advice when it comes to choosing a Borough Green conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Borough Green conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Borough Green conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
-
If they are not ALEP accredited then what is the reason? What are the legal fees for lease extension conveyancing?
Borough Green Leasehold Conveyancing - Examples of Queries Prior to Purchasing
-
Is the freehold owned jointly by the leaseholders? How many of the leaseholders are in arrears for their service charge payments? The majority of Borough Green leasehold flats will incur a service bill for the upkeep of the building set by the landlord. Where you acquire the flat you will have to meet this contribution, normally in instalments throughout the year. This can vary from two or three hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent to be met annual, ordinarily this is not a large sum, say approximately £50-£100 but you need to check it because sometimes it can be many hundreds of pounds.