I am need of leasehold conveyancing for an apartment in a relatively new development (seven years old) in Margate. 95% of the appartments have already been occupied. Do I need carry out the conveyancing searches for my conveyancing in Margate?
Conveyancing Searches are a vital link in the Margate conveyancing process. There are hundreds companies delivering Margate conveyancing searches, as well straight from the local authority. These are known collectively as personal search companies and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their information from the local authoritative source.
Having sold my house in Margate last May but the buyer keeps texting me to say their lawyer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Following your disposal your solicitor is committed to forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your solicitor must also send confirmation that the legal charge in favour of the lender has been paid off to the buyers lawyers. There is unlikely to be post completion formalities unique to conveyancing in Margate.
Will commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Margate?
Many commercial conveyancing solicitors in Margate will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Margate. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Margate.
For each commercial conveyancing transaction in Margate it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Margate commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Margate.
How does conveyancing in Margate differ for new build properties?
Most buyers of new build property in Margate contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Margate typically acquire 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 conveyancing solicitors 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 Margate or who has acted in the same development.
I decided to have a survey carried out on a property in Margate in advance of instructing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some lenders may refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. If you call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Margate. Conveyancing will be smoother if you use a solicitor in Margate especially if they are familiar with such properties in Margate.
I'm refinancing my current property to a BTL mortgage with The Mortgage Works and I will use the ballance of the raised equity towards another house. The neighborhood we are talking about is Margate. Will your conveyancers be able to act for the two banks and tie in the transactions?
Make use of our comparison tool on this site to check that the lawyers are on the appropriate lender panels. Having checked that they are your solicitor will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and specify your expectations and needs.