We are close to exchanging contracts on the sale of our home in Tower Hill and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Tower Hill conveyancer would know this is not the case. It does beg the question why the buyers used an online conveyancing practice rather than a conveyancing solicitor in Tower Hill. We have lived in Tower Hill for many years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
How does conveyancing in Tower Hill differ for newly converted properties?
Most buyers of new build premises in Tower Hill contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Tower Hill usually acquire 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 Tower Hill or who has acted in the same development.
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Tower Hill I like with open areas and station nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Tower Hill in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I am looking to sell my home. My previous solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Tower Hill if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Tower Hill. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Should I go with a Tower Hill conveyancing lawyer who is local to the property I am hoping to buy? An old friend can perform the legal work but they are based 400miles drive away.
The primary upside of using a high street Tower Hill conveyancing firm is that you can pop in to sign documents, deliver your ID and pester them where appropriate. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and the majority were content that should surpass using an unknown Tower Hill conveyancing lawyer solely due to them being Tower Hill based.
How varied are the property law services that Tower Hill conveyancing firms undertake?
For the most part Tower Hill conveyancing firms manage to offer various assistance to domestic and rural land owners, vendors, purchasers, landlords and tenants including the following:
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Property sale conveyancing in Tower Hill and beyond
Private residential purchase conveyancing in Tower Hill and further afield
Shared ownership and shared equity scheme Staircasing i.e. buying extra shares of a property that has been purchased through a shared ownership scheme Probate conveyancing and court of protection Plot sales whether they are freehold or leasehold