The Great Shelford conveyancing lawyers that I recently instructed on my purchase in Great Shelford have without warning closed. They were on acting for me because I had to have a lawyer on the Co-operative conveyancing panel and my family Great Shelford lawyer was not. I cut them a cheque for £250 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
Is it necessary to take out insurance to cover chancel repairs when buying a property in Great Shelford?
Unless a prior acquisition of the property completed post 12 October 2013 you may expect lawyers handling conveyancing in Great Shelford to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up during conveyancing in Great Shelford?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Great Shelford. 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…’
How does conveyancing in Great Shelford differ for new build properties?
Most buyers of new build premises in Great Shelford contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Great Shelford typically 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 conveyancers 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 Great Shelford or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Great Shelford is where the house is located. Can you shed any light on this issue?
Flying freeholds in Great Shelford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Great Shelford you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Great Shelford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Is it simple use the search tool to get a fee calculation from a conveyancing practitioner in Great Shelford on the authorised to act for my mortgage?
1st choose a bank such as National Westminster Bank, The Royal Bank of Scotland or Aldermore then specify your location a common one being Great Shelford. Conveyancing organisations in Great Shelford and further afield should be shown.