My best friend’s dad is a property lawyer. I anticipate that I'll be able to get mate’s fee for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Molesey?
It’s sensible to look for two or three conveyancing quotes. Do use our search tool on this site. The prices will vary but the service one can expect differ between law firms as is true with most professions.
Why is leasehold purchase conveyancing in Molesey costs more?
In summary, leasehold conveyancing in Molesey and Surrey usually involve additional due diligence compared to freehold conveyancing. This includes lease investigation, communicating with the landlord concerning the service of appropriate notices, procuring up-to-date service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
A friend informed me that in buying a property in Molesey there could be various restrictions prohibiting external changes to the property. Is this right?
There are anumerous of properties in Molesey which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Molesey should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My solicitor has informed me that lack of building regulations insurance is required on my purchase. What is the level of cover for Molesey conveyancing?
The right level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between Lloyds TSB Bank and Leeds Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.
My wife and I are in the throws of looking at flats in Molesey and I am now considering a potential offer. Is it wise to have my solicitor on ‘stand by’? I intend to finance via a mortgage with Coventry BS.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are obtaining a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
The deeds to our property are lost. The lawyers who dealt with the conveyancing in Molesey 5 years ago no longer exist. What are my options?
As long as the title is registered the details of your ownership will be documented by HMLR with a Title Number. It is easy to conduct a search at the Land Registry, identify your house and order current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases retain a file duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
How does conveyancing in Molesey differ for new build properties?
Most buyers of new build or newly converted property in Molesey come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Molesey typically purchase 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 conveyancers 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 Molesey or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Molesey is where the house is located. Can you offer any opinion?
Flying freeholds in Molesey are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Molesey you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Molesey 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 premises.