Me and my wife are buying our first home. The conveyancer has texted usto ask if we want to order extra conveyancing searches. As novices we in the dark as to what's appropriate for conveyancing in Seaton
The scope of Seaton conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your knowledge of the area and risks, your general attitude to risk. What matters is that you properly appreciate what information the searches could give you. You may then make a decision if you consider that you need that search. If in doubt, ask the lawyer to guide you.
How up to date is your search tool for Seaton conveyancing solicitors on the Kent Reliance conveyancing panel? Do Kent Reliance send you an updated list?
Seaton conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
I am purchasing a semi-detached house in Seaton. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Seaton 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 Seaton.
My wife and I are purchasing a apartment in Seaton. I might seem paranoid but how we can trust a solicitor? At some point we will need to deposit money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My stepmother advised me that in purchasing a property in Seaton there may be various restrictions as to what one can do in terms of external alterations to the property. Is this right?
We are aware of a number of properties in Seaton which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Seaton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to lenders such as Skipton, do Seaton solicitors face an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
How does conveyancing in Seaton differ for new build properties?
Most buyers of new build residence in Seaton contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Seaton tend to 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 property lawyers 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 Seaton or who has acted in the same development.
I have been on the look out for a flat up to £305k and identified one round the corner in Seaton I like with a park and railway links in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Seaton in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.