I am buying a terraced house in New Eltham. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in New Eltham you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in New Eltham.
Are there restrictive covenants that are commonly picked up during conveyancing in New Eltham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in New Eltham. 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…’
How does conveyancing in New Eltham differ for new build properties?
Most buyers of new build premises in New Eltham contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in New Eltham typically 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 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 used to new build conveyancing in New Eltham or who has acted in the same development.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in New Eltham I like with amenity areas and station nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in New Eltham in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
Given that I will soon spend over three hundred thousand on 3 bedroom house in New Eltham I wish to have a conversation with the lawyer about myhome move before giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor due to be doing your conveyancing in New Eltham.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in New Eltham should be the amount on the final invoice that you are charged.
There are a number of houses in New Eltham on private roads. My wife and I are acquiring such a house. Are there any benefits to purchasing a residence on a private road?
New Eltham conveyancing solicitors will be well versed in dealing homeson unadopted roads. Your solicitor will review the title to identify any rights or liabilities. It is possible that there is a residents association that residents pay into to maintain the road. Where one exists, the road will likely be maintained and look nicer than publicly owned.