My wife and I are selling our property in Melksham and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any high street Melksham conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a nationwide conveyancing outfit rather than a conveyancing solicitor in Melksham. Having lived in Melksham for three years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You need to check with 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 life insurance to cover that same ailment)
I have todayfound out that Stirling Law have been shut down. They conducted my conveyancing in Melksham for a purchase of a leasehold flat 12 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can make 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 Melksham conveyancing specialists.
How does conveyancing in Melksham differ for new build properties?
Most buyers of new build or newly converted property in Melksham come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because developers in Melksham usually buy the real estate, 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 Melksham or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Melksham is where the house is located. Can you offer any opinion?
Flying freeholds in Melksham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Melksham you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Melksham 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 property.
I'm remortgaging my existing home to a buy to let mortgage with Leeds Building Society and I will use the ballance of the raised equity as a deposit on a second property. The location we are looking at is Melksham. Will your conveyancers be able to act for both sets of lenders and tie in the two deals?
Do use our comparison tool on this page to be sure that the lawyers are on the relevant lender panels. On the basis that they are the lawyer should be able to tie up the two deals but you should have a chat with you lawyer and specify your expectations and needs.
I am looking at a two flats in Melksham both have approximately fifty years left on the leases. should I be concerned?
There are plenty of short leases in Melksham. The lease is a right to use the property for a prescribed time frame. As a lease shortens the value of the lease decreases and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this arena.
Melksham Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
-
Are any of leasehold owners in arrears of their service charge payments? It would be wise to find out if there is anything that is prohibited in the lease. For example plenty of leases prohibit pets being permitted in in a block in Melksham. If you like the apartmentin Melksham however your cat can’t live with you then you have a very difficult determination. Is anyone aware of any major works in the planning that will increase the maintenance charges?