I require conveyancing for a flat in a relatively new development (6 years old) in Long Sutton. The vast majority the flats have already been disposed of. Is it strictly necessary to order local searches for my conveyancing in Long Sutton?
You are taking a significant risk in not carrying out Long Sutton conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would seriously advise in no uncertain terms that your conveyancer conducts them. Where timings and driving down costs are top of your issues you should discuss with your conveyancer about the options such as indemnity insurance available to you
When reading consumer advice sites for an online solicitor in Long Sutton, many comment that I should look for a CQS kitemarked lawyer. Can you explain what CQS is?
Long Sutton Conveyancing Quality Scheme law firms have been granted certification by the law Society CQS was created to promote high standards in the in the legal transfer of properties. CQS helps buyers and sellers to recognise solicitor firms who provide a quality residential conveyancing. Long Sutton is one of locations in England and Wales in which accredited firms are based. The conveyancing scheme obliges practices to undergo a strict assessment, compulsory training, self-reporting, random audits and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Building Societies Association.
My wife and I have a 4 bedroom Victorian house in Long Sutton. Conveyancing practitioner acted for me and Nottingham Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Long Sutton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing solicitor who conducted the purchase.
How does conveyancing in Long Sutton differ for new build properties?
Most buyers of new build residence in Long Sutton approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Long Sutton tend to purchase the site, 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 used to new build conveyancing in Long Sutton or who has acted in the same development.
I opted to have a survey completed on a house in Long Sutton before retaining solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend refuse to grant a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you e-mail us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Long Sutton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Long Sutton to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Long Sutton cover?
Long Sutton conveyancing for business premises covers a wide array of services, provided by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, 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 loans and the termination of tenancies.