I am purchasing a property mortgage free in Shaftesbury. I have lived for the last dozen years in Shaftesbury. Conveyancing searches are exorbitant. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a home loan, then the vast majority of the Shaftesbury conveyancing searches are optional. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches done, but he is duty bound to do this. Do take into account; if you are going to dispose of the house one day, it may be of relevance to your future buyer what the searches disclose. There are plenty of instances where premises with functional issues can still show up negative search results. A competent conveyancing solicitor in Shaftesbury will be able to give you some helpful guidance concerning this.
Finally the sale completed on my house in Shaftesbury last October yet the purchaser is calling daily complaining that his conveyancer is waiting to hear from myconveyancer. What should have happened now that I have sold?
Following your house sale your conveyancer is committed to forward the transfer deeds and all additional paperwork to the purchaser's conveyancer. Where relevant, your conveyancer must also confirm that the legal charge in favour of the lender has been redeemed to the buyers lawyers. There are no post completion steps specific conveyancing in Shaftesbury.
Do I have to attend the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Shaftesbury so that I can pop in to their offices when needed.
As opposed to 15 years ago, the vast majority lenders no longer oblige their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to supply identification documents and there are still manifest benefits to instructing a local practitioner, in your situation a conveyancing solicitor in Shaftesbury.
three months have elapsed following my purchase conveyancing in Shaftesbury took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build flat in Shaftesbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Shaftesbury
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are architect prepared. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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.
What does commercial conveyancing in Shaftesbury cover?
Shaftesbury conveyancing for business premises incorporates a broad range of services, provided by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.