We went with a Westbury based lawyer for my conveyancing in Westbury today. Going through the fine print I noteI am responsible for costs even if our purchase aborts. Should I go with them or appoint a web based lawyer promising no-sale-no-fee conveyancing in Westbury?
It is usually a trade off in that if "No Sale No Fee" is advertised then the conveyancing charges will generally be more expensive to cover the transactions that fail to complete. Please beware that these arrangements generally do not protect you from expenses for example Westbury conveyancing search fees.
Can your site be used to find a Conveyancing solicitor in Westbury even if I’m not buying or selling a house, for instance where I wish to acquire a shop in Westbury with a loan from Santander?
The service is primarily used to help choose domestic conveyancing solicitors in Westbury but we have set out towards the end of this page a selection of Westbury commercial conveyancing firms. You should enquire with the solicitors directly to see if they can also act for Santander
Will my solicitor be asking questions about flooding during the conveyancing in Westbury.
The risk of flooding is if increasing concern for solicitors dealing with homes in Westbury. There are those who purchase a house in Westbury, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, however there are a numerous searches that may be initiated by the purchaser or by their solicitors which should figure out the risks in Westbury. The conventional set of property information forms given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual question of the seller to discover if the property has historically flooded. In the event that flooding has previously occurred which is not disclosed by the owner, then a buyer could commence a claim for damages as a result of such an misleading reply. The purchaser’s lawyers should also conduct an enviro search. This will higlight whether there is a recorded flood risk. If so, more detailed inquiries should be carried out.
My wife and I purchased a terraced Edwardian house in Westbury. Conveyancing lawyer acted for me and HSBC Bank. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same property. Is it worth asking HSBC Bank to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be 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 Westbury and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
I have been on the look out for a flat up to £245,000 and identified one close by in Westbury I like with amenity areas and station nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Westbury in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the remaining unexpired lease term will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Why can I not complete our conveyancing in Westbury on a public holiday?
This is due to the fact that on completion the funds needs to pass between the banks of the buyer and owner’s conveyancing practitioner and currently this can only occur on a working day. It is not possible to complete on a saturday or sunday either.