At what point can the exchange of contracts happen for residential conveyancing in Par and am I required to be at the lawyers office?
Where you are local to our conveyancing solicitors in Par you are welcome to come in to sign documents. That being said, the firms we recommend supply a national conveyancing service and provide as equally diligent and professional a job for you when communicating with you by post or email. The executing of the purchase agreement is not when everything is set in stone. A signed contract is necessary for the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Par)to be in the office available at the end of the phone to exchange contracts.
My wife and I are close to exchanging contracts on the sale of our home in Par and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the buyers are using a web based conveyancing practice rather than a conveyancing solicitor in Par. Having lived in Par for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You must enquire of 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 a renovated Victorian property in Par. Conveyancing solicitor acted for me and Chelsea Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Par and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing practitioner who conducted the purchase.
I am purchasing my first flat in Par with a loan from Coventry Building Society. The sellers would not move on the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not to tell my conveyancer about the deal as it could put at risk my mortgage with Coventry Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In what way can the Landlord & Tenant Act 1954 impact my business offices in Par and how can you help?
The particular law that you refer to gives security of tenure to commercial lessees, granting the right to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Par
I am tempted by the attractive purchase price for a couple of maisonettes in Par which have about forty five years left on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Par. The lease is a right to use the property for a period of time. As the lease shortens the value of the lease reduces and results in it becoming more costly to extend the lease. For this reason it is often a good idea to extend the lease term. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this arena.
Par Leasehold Conveyancing - Sample of Questions you should ask Prior to buying
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Make sure you find out if there are any onerous restrictions in the lease. For instance some leases prohibit pets being permitted in in a block in Par. If you love the apartmentin Par yet your cat is not allowed to make the move with you then you have a very hard choice. Is anyone aware of any major works on the horizon that could increase the service charges? How many of the leaseholders are in arrears for their service charge payments?