Me and my brother have a 4 bedroom Georgian property in Niton. Conveyancing solicitor represented me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Niton and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing lawyer who conducted the work.
How does conveyancing in Niton differ for new build properties?
Most buyers of new build residence in Niton contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Niton usually purchase the site, 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 used to new build conveyancing in Niton or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Niton in advance of retaining solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some banks may refuse to give a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Niton. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I am about to spend £400,000 on a garden flat in Niton I would like to have a conversation with the solicitor concerning theconveyancing in advance of appointing the firm. Is this something that you can arrange?
Absolutely - we would be delighted to talk to you we do not take any clients on without you speaking to the solicitor due to be conducting your property ownership legalities in Niton.There is no ‘factory style conveyancing’ - each client is an important individual, not a file number. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Niton should be the amount on the final invoice that you are charged.
I need to appoint a conveyancing solicitor for purchase conveyancing in Niton. I happened to stumble upon a web site which seems to have the perfect answer If there is a chance to get all the legals done via email that would be ideal. Should I be wary? What should out be looking out for?
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?
We have AIP from Nottingham Building Society who indicated we could borrow up to £350k. At what point do I need to instruct a practitioner for conveyancing? Niton is where we plan to move to.
It would be wise to instruct a conveyancing practitioner now requesting that they create a file for you. This will facilitate: 1) the estate agent to send out the Sales Memorandum to all parties 2) the seller’s lawyer to submit the draft contract. However, do not ask your conveyancing practitioner to start searches until you receive your valuation report from Nottingham Building Society and you are content to proceed.