I had intended to instruct a property lawyer in Waterbeach for our house move. Our broker has since notified us that our bank Birmingham Midshires won't deal with them. Surely this is unfair competition?
A mortgage company may insist on a panel solicitor act for it. You would be expected to meet the cost of this. Please make use of our database to choose a solicitor to carry conveyancing in Waterbeach on the Birmingham Midshires approved list of solicitors.
We are buying a property in Waterbeach. It might be a silly question but how we can trust a conveyancer? At some point we will need to deposit our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Waterbeach?
There are two types of lawyers who can execute conveyancing in Waterbeach namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that you need to complete the sale or acquisition of property. They are both obliged to handle Waterbeach conveyancing to the same standards and guidelines so you can be sure that your conveyancing will be professionally administered and that the requirements and steps will be correctly taken.
I just acquired a flat at auction in Waterbeach. Conveyancing is necessary. What is next?
Now that you are exchanged you must choose a conveyancing lawyer as a matter of urgency as you are facing a tight deadline in which to complete the property. All auction property will ordinarily have a corresponding auction set of papers. This should include most,if not all of the paperwork that your solicitor will need. If you have purchased leasehold property the conveyancing papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You must hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in place to complete the transaction on the set completion date.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a house in Waterbeach? or Apparently there is historic law that could mean that house owners living in a parish church boundary will be compelled to pay for repairs towards the chancel in proximity to the church. Is this applicable for conveyancing in Waterbeach?
Unless a previous purchase of the property took place post 12 October 2013 you can take it that lawyers carrying out conveyancing in Waterbeach to remain encouraging a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly identified during conveyancing in Waterbeach?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Waterbeach. 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…’
About to purchase a new build flat in Waterbeach. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Waterbeach
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Can you offer any advice when it comes to choosing a Waterbeach conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Waterbeach conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Waterbeach conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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What are the charges for lease extension work? Can they put you in touch with clients in Waterbeach who can give a testimonial?
I own a 2 bed flat in Waterbeach, conveyancing having been completed in 2012. How much will my lease extension cost? Comparable properties in Waterbeach with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease runs out on 21st October 2094
With only 69 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.