Why is leasehold purchase conveyancing in Great Shelford costs more?
In summary, leasehold conveyancing in Great Shelford and elsewhere usually warrants more due diligence compared to freehold conveyancing. This includes checking the lease terms, communicating with the landlord concerning serving applicable notices, procuring up-to-date service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
What is the optimum way to investigate if the solicitor conducting my conveyancing in Great Shelford is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Skipton Building Society thus paying £187.00 plus VAT in further conveyancing bill.
Feel free to take advantage of the search tool on this site. Please choose the mortgage company and type ‘Great Shelford’ or your location and you will discover a number of lawyer located in Great Shelford or near you.
Will my solicitor be raising questions concerning flooding as part of the conveyancing in Great Shelford.
Flooding is a growing risk for lawyers specialising in conveyancing in Great Shelford. There are those who purchase a property in Great Shelford, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, but there are a numerous checks that can be carried out by the buyer or by their lawyers which will figure out the risks in Great Shelford. The conventional set of property information forms given to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual question of the seller to determine if the premises has suffered from flooding. In the event that the residence has been flooded in past and is not disclosed by the vendor, then a purchaser may issue a claim for damages stemming from an inaccurate answer. A purchaser’s lawyers may also conduct an enviro search. This should disclose whether there is any known flood risk. If so, more detailed investigations should be conducted.
I have justbecome aware that Stirling Law have closed. They carried out my conveyancing in Great Shelford for a purchase of a leasehold flat 10 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Great Shelford conveyancing specialists.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a simple, chain free conveyancing. Great Shelford is the location of the property. What do you suggest?
Flying freeholds in Great Shelford are rare 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 thoroughly. Your bank 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 residence.
We are contemplating appointing an online lawyer as opposed to a Great Shelford conveyancing firm. Should I ‘stay local’?
Advantages do exist in having the opportunity to pop in to a local Great Shelford conveyancing solicitor for instance
- signing papers and and when necessary
- getting face-to-face explanations of issues that you need help with
- the ability to raise concerns if things go pear-shaped
When analysing fees, look out for hidden extras. The majority decent Great Shelford high street solicitors give an all-inclusive figure. Often online agents appear to offer cheap fees, yet have hidden 'extras' in the small print.