I am due to exchange buying a house in Crofton Park but as a consequence of wreckage from a small fire at the property I have was able negotiate recompense from the current proprietors of £2k by way of a deduction in the price. I had intended this to be addressed as part of a side agreement yet Santander will not permit this. Why were they informed?
Your solicitor that is on the Santander approved list is required to inform Santander of any amendments to the sale price. If you were to refuse your lawyer to report the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new conveyancing practitioner for your conveyancing in Crofton Park.
In reading online forums for an affordable lawyer in Crofton Park, many comment that I should use a CQS assured lawyer. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a kitemark for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing processes via the scheme protocol It covers numerous partnerships who carry out conveyancing in Crofton Park.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Crofton Park?
Its becoming the norm that commercial conveyancing solicitors in Crofton Park will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Crofton Park. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Crofton Park.
For every commercial conveyancing transaction in Crofton Park it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Crofton Park commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Crofton Park.
How does conveyancing in Crofton Park differ for new build properties?
Most buyers of new build or newly converted property in Crofton Park 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 developers in Crofton Park tend to purchase 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 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 accustomed to new build conveyancing in Crofton Park or who has acted in the same development.
I am looking for a flat up to £245,000 and identified one near me in Crofton Park I like with open areas and transport links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Crofton Park in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may ask them to start the process of the extension 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 lawyer concerning this.
Is it possible to switch conveyancer as I need to appoint one who is on the The Mortgage Works conveyancing list. I had appointed a local conveyancing solicitor in Crofton Park five minutes from me but the firm is not accepted by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Crofton Park on the The Mortgage Works panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Crofton Park. Using the find a conveyancing solicitor tool on this website, you can contrast charges for conveyancing solicitors in Crofton Park and beyond.