My wife and I are due to exchange buying a house in Tidworth but as a consequence of damage from a small fire at the property I have managed to agree compensation from the vendor of six thousand pounds in the form of a reduction in the price. This was going to be dealt with as part of amending the contract but Skipton are not allowing this. Should they have been notified?
The conveyancer being on the Skipton conveyancing panel is obliged to inform Skipton of any changes to the purchase price. If you were to refuse your lawyer to disclose the reduction to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new solicitor for your conveyancing in Tidworth.
As a FTB what is the most important piece of guidance you can impart about purchase conveyancing in Tidworth?
Not many law firms shout this from the rooftops but conveyancing in Tidworth or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of room for friction between you and other parties involved in the legal transfer of property. For example, the seller, selling agent and on occasion the mortgage company. Appointing a lawyer for your conveyancing in Tidworth should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the transaction whose responsibility is to protect your legal interests and to keep you safe.
There is a definite ongoing adversarial element to conveyancing- someone has to be blamed for the process taking so long. We recommend that you your first instinct should be to trust your conveyancer above the other parties when it comes to the legal transfer of property.
What happens if my lawyer’s firm is removed from the Lloyds Conveyancing panel ahead of completing my conveyancing in Tidworth?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Tidworth is the location of the property. Is there any advice you can give?
Flying freeholds in Tidworth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tidworth you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tidworth may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How do I use the search tool to find a conveyancing solicitor in Tidworth on the panel for my lender?
1st choose a lender such as Yorkshire Building Society, The Royal Bank of Scotland or Bank of Ireland then choose your location a common one being Tidworth. Conveyancing practices in Tidworth and nationally will then be identified.
I am in need of some leasehold conveyancing in Tidworth. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and almost all are in Tidworth - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Tidworth Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
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Best to be warned if a new roof is being installed or some other significant cost is anticipated that will be shared by the leasehold owners and may well materially impact the level of the maintenance charges or result in a specific invoice. Its a good idea to discover as much as possible regarding the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to daily matters such as the upkeep of the common parts. Don't be shy to ask other tenants what they think of them. Finally, be sure you understand the dates that the service fees are due to the managing agents and specifically what it includes. How many of the leaseholders are in arrears for their service charge payments?