I am acquiring a property without a mortgage in Tonbridge. I have resided for the last twelve years in Tonbridge. Conveyancing searches are a lot of money. Given that I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then all but one or two of the Tonbridge conveyancing searches are non-obligatory. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches carried out, but she has a professional duty to do this. Do bear in mind; if you are likely to sell the house one day, it could be of relevance to your prospective purchaser what the searches contain. Sometimes properties with no practical issues can still throw up unexpected search results. A good conveyancing solicitor in Tonbridge should be able to give you some constructive guidance in this regard.
Are there restrictive covenants that are commonly identified as part of conveyancing in Tonbridge?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Tonbridge. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Tonbridge differ for new build properties?
Most buyers of new build or newly converted property in Tonbridge contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Tonbridge 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 conveyancers 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 Tonbridge or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Tonbridge I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Tonbridge in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I need to find a conveyancing solicitor for leasehold conveyancing in Tonbridge. I have discover a web site which looks to be the ideal solution If there is a chance to get all formalities completed via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Are there any specific benefits to selecting a local lawyer in Tonbridge
Many buyers and sellers in Tonbridge opt for a nearby high street conveyancer so that they can visit if they have problems, and to collect documents rather than run the risk of relying on the post.
There is a marginal edge in opting for a solicitor nearby to a house you are purchasing, due to the knowledge of the region and possible local concerns - however this is debatable. Many conveyancers undertaking their work via the internet and may be practically anywhere.