My wife and I are intent on selling our property in Idle and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Idle conveyancer would know this is not the case. It does beg the question why the purchasers used an online conveyancing practice rather than a conveyancing solicitor in Idle. Having lived in Idle for three years we know of no issue. Do we contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
How does conveyancing in Idle differ for new build properties?
Most buyers of new build residence in Idle approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Idle typically purchase the land, 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 Idle or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and identified one near me in Idle I like with a park and station in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Idle in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the shortness of the lease may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
What does commercial conveyancing in Idle cover?
Commercial conveyancing in Idle covers a broad range of services, supplied by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Completion is due on our sale of a £200,000 maisonette in Idle on Tuesday in a week. The managing agents has quoted £408 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a flat conveyance in Idle?
Idle conveyancing on leasehold flats nine out of ten times necessitates fees being levied by managing agents :
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Answering conveyancing due diligence questions
Where consent is required before sale in Idle
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Idle Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
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Are any of leasehold owners in dispute over their service charge liability? Its a good idea to discover as much as you can about the managing agents as they will affect your use and enjoyment of the property. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to day to day matters such as the tidiness of the communal areas. Don't be afraid to ask other people what they think of them. Finally, be sure you know the dates that you are obliged pay the maintenance charge to the relevant party and precisely what it includes. Who are the managing agents?
To what extent are Idle conveyancing solicitors duty bound by the Law Society to supply clear conveyancing costs?
Contained within the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Idle or beyond.