Why is leasehold purchase conveyancing in Waltham Abbey costs more?
The conveyancing fees on a leasehold property in Waltham Abbey is inevitably more expensive when contrasted to a freehold residence. This is due to the supplemental work required in communicating with the freeholder and management company to collate the evidence about whether the rent and service charges have been discharged and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.
My Solicitor in Waltham Abbey is not on the Birmingham Midshires Conveyancing Panel. Is it possible for me to use my prefered solicitor even though they are excluded from the Birmingham Midshires panel?
Your options are as follows:
- Carry on with your existing Waltham Abbey solicitors but Birmingham Midshires will need to retain a conveyancer on their list of acceptable firms. This will inevitably rack up the total conveyancing fees and cause frustration.
- Choose an alternative lawyer to act in the purchase, not forgetting to check they are Birmingham Midshires approved.
- Persuade your Birmingham Midshires based solicitor to seek to join the Birmingham Midshires panel
Should commercial conveyancing searches reveal proposed roadworks that may impact a commercial site in Waltham Abbey?
Many commercial conveyancing solicitors in Waltham Abbey will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Waltham Abbey. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Waltham Abbey.
For each commercial conveyancing transaction in Waltham Abbey it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Waltham Abbey commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Waltham Abbey.
How does conveyancing in Waltham Abbey differ for new build properties?
Most buyers of new build or newly converted property in Waltham Abbey approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Waltham Abbey typically acquire the real estate, 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 property lawyers 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 Waltham Abbey or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Waltham Abbey before appointing lawyers. I have been told that there is a flying freehold element to the property. The surveyor has said that some lenders may not issue a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Waltham Abbey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Waltham Abbey to see if the conveyancing will be more expensive.
How easy is it to switch conveyancer as I have to choose a firm on the Godiva Mortgages Ltd conveyancing list. I hired a high street conveyancing solicitor in Waltham Abbey five minutes from me but she is not approved by Godiva Mortgages Ltd
It would be our pleasure to help you find a conveyancing solicitor in Waltham Abbey on the Godiva Mortgages Ltd panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Waltham Abbey. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Waltham Abbey.