We see that you have a post code search directory identifying law firms on the Coventry BS conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Spondon?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Spondon.
Various internet forums that I have come across warn that are the number one reason for obstruction in Spondon conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Spondon.
I have todaybeen informed that Stirling Law have been shut down. They carried out my conveyancing in Spondon for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Spondon conveyancing specialists.
How does conveyancing in Spondon differ for new build properties?
Most buyers of new build residence in Spondon contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Spondon tend to purchase the land, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Spondon or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Spondon prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not issue a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Spondon. Conveyancing may be slightly more expensive based on your lender's requirements.
I've recently bought a leasehold house in Spondon. Am I liable to pay service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Spondon Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing
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How much is the service charge and ground rent on the apartment? What is the name of the managing agents? Where a Spondon lease has fewer than 80 years it will have adverse implications on the marketability of the apartment. It is worth checking with your lender that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease at some point and it is worth finding out how much this would cost. For most Spondonlease extensions you would need to own the residence for 24 months before you are legally able to carry out a lease extension.