What happens if my solicitor is expelled from the Clydesdale Conveyancing panel ahead of completing my conveyancing in Carnforth?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My colleague suggested that if I am purchasing in Carnforth I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Carnforth conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Carnforth around the property and the people living there. It incorporates 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 Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Carnforth.
Are there restrictive covenants that are commonly identified as part of conveyancing in Carnforth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Carnforth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a flat up to £235,500 and found one near me in Carnforth I like with amenity areas and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Carnforth in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage that many years will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
My husband and I are novice buyers - had an offer accepted, yet the property agent told us that the vendor will only go ahead if we appoint their recommended conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Carnforth
It is highly unlikely the vendors are driving this. Should the seller desire ‘a quick sale', taking such a hostile approach to a serious buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to use your preferred Carnforth conveyancing solicitors - rather thanthe ones that will give their negotiator at the agency a referral fee or hit his conveyancing targets set by head office.
Why can't I complete our conveyancing in Carnforth on May bank holiday?
This is due to the fact that on completion the purchase price needs to pass between the banks of the purchaser and seller's property lawyer and currently this can only happen on a working day. It is not possible to complete on a weekend either.