What is the first thing I need to know about purchase conveyancing in Potswood?
Not many law firms shout this from the rooftops but conveyancing in Potswood or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of opportunity for conflict between you and other parties involved in the transaction. E.g., the vendor, property agent and sometimes your mortgage company. Selecting a law firm for your conveyancing in Potswood should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose role it is to act in your legal interests and to protect you.
Every so often a potential adversary will try and sway you that you should follow their advice. As an example, the selling agent may claim to be assisting by suggesting your conveyancer is slow. Or your mortgage broker may tell you to do something that is against your lawyers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
My aunt pointed out to me me that in buying a property in Potswood there may be various restrictions affecting the ability to carry out external alterations to the property. Is this right?
There are anumerous of properties in Potswood which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Potswood should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am currently in the process of buying my council flat in Potswood. I have a mortgage offer with Principality. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
I have instructed a Potswood conveyancing practitioner having made sure that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?
Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Potswood surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I have been told that property searches are the number one cause of obstruction in Potswood house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Potswood.
I am buying a new build flat in Potswood. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Potswood
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Due to the advice of my in-laws I had a survey completed on a house in Potswood prior to retaining solicitors. I have been told that there is a flying freehold element to the house. My surveyor has said that some banks will not grant a loan on this type of property.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Potswood. Conveyancing will be smoother if you use a solicitor in Potswood especially if they are acquainted with such properties in Potswood.
Is it possible to swap solicitor as I have to retain a firm on the Birmingham Midshires conveyancing list. I hired a local conveyancing solicitor in Potswood five minutes from me but he is not accepted by Birmingham Midshires
We will our best to assist in finding you a conveyancing solicitor in Potswood on the Birmingham Midshires panel. Please note that the property lawyers that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Potswood. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Potswood.