My wife and I buying a 4 bedroom semi-detached house in Wadebridge. We would like to carry out an extension to the side at the property.Will legal work on the property include investigations to see if these alterations were previously refused?
Your property lawyer should review the registered title as conveyancing in Wadebridge can occasionally identify restrictions in the title documents which prohibit categories of changes or need the permission of a 3rd party. Certain additions call for local authority planning consent and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
We are getting the release of further monies on our home loan from HSBC as we want to carry out improvements to our property in Wadebridge. Do we need to choose a local Wadebridge solicitor on the HSBC conveyancing panel to deal with the legals?
HSBC don't usually instruct firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC panel.
Having read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Wadebridge solicitor - who is on the UBS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Wadebridge postcode. As you are getting a mortgage with UBS, you could contact them to see if they have a list of approved surveyors in Wadebridge.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when buying a house in Wadebridge?
Unless a prior purchase of the premises took place after 12 October 2013 you could expect conveyancing practitioners delivering conveyancing in Wadebridge to remain encouraging a chancel search and or chancel repair liability policy.
I own a 4 bedroom Georgian property in Wadebridge. Conveyancing practitioner represented me and Coventry Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wadebridge and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing solicitor who conducted the purchase.
How does conveyancing in Wadebridge differ for newly converted properties?
Most buyers of new build residence in Wadebridge contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Wadebridge tend to acquire 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 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 Wadebridge or who has acted in the same development.
We're FTB’s - agreed a price, yet the estate agent has warned us that the vendor will only go ahead if we use the agent's recommended conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Wadebridge
It is highly unlikely the sellers are driving this. If they require ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to progress, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you are going to instruct your own,trusted Wadebridge conveyancing solicitors - rather thanthose that will provide the estate agent a introducer fee or achieve conveyancing figures set by head office.
What are your top tips when it comes to choosing a Wadebridge conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Wadebridge conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Wadebridge conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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Can they put you in touch with clients in Wadebridge who can give a testimonial?
Wadebridge Leasehold Conveyancing - A selection of Questions you should consider Prior to Purchasing
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The majority of Wadebridge leasehold flats will be liable to pay a service charge for the upkeep of the building set on behalf of the freeholder. If you purchase the property you will have to pay this contribution, usually in instalments during the year. This may vary from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all likelihood there will be a ground rent for you to pay annual, this is usually not a large amount, say about £25-£75 but you need to enquire as occasionally it could be many hundreds of pounds. How many of the leaseholders are in arrears for their service charge payments? Is anyone aware of any major works on the horizon that will likely increase the service costs?