Why do I have to pay up front for conveyancing in March?
Where you are retaining lawyers for conveyancing in March your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the purchase price then this should be needed shortly ahead of contracts are exchanged. The final balance that is due should be sent to your lawyer a few days prior to the day of completion.
I have just over seventy years unexpired on my lease and need a lease extension for my flat in March. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/12/2024 the requirements read as follows :
Various online forums that I have come across warn that are the main cause of obstruction in March conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in March.
Are there restrictive covenants that are commonly picked up as part of conveyancing in March?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in March. 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…’
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. March is the location of the property. Can you shed any light on this issue?
Flying freeholds in March are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in March you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in March may decide 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.
In my capacity as executor for the will of my grandfather I am disposing of a property in Cardiff but live in March. My lawyer (based 250 kilometers from meneeds me to execute a statutory declaration before completion. Can you recommend a conveyancing practitioner in March who can attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are March based