AssumingI was to acquire a straightforward propertyin Moor Park for cash and have no survey and no conveyancing searches how much could I expect to have to pay for conveyancing in Moor Park?
The sole saving you would achieve is the Moor Park conveyancing searches. A lawyer still be obliged to do everything else - money laundering, correspond with your vendors conveyancing practitioner, stamp duty return, register the title etc. A slight saving might be made by not having to register a charge but it will not be significant.
How does conveyancing in Moor Park differ for newly converted properties?
Most buyers of new build premises in Moor Park contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Moor Park tend to 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 Moor Park or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Moor Park is the location of the property. Is there any guidance you can impart?
Flying freeholds in Moor Park are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Moor Park you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Moor Park 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 property.
In what way can the Landlord & Tenant Act 1954 impact my business property in Moor Park and how can you help?
The 1954 Act provides a safeguard to commercial lessees, granting the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Moor Park
I need to retain a conveyancing solicitor for leasehold conveyancing in Moor Park. I happened to stumble upon a site which seems to have the perfect answer If there is a chance to get all this stuff completed via email that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
When it comes to my conveyancing in Moor Park should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Moor Park conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.