I am in a contract race with another buyer for a property in Yatton. What can be done to expedite the legal process?
In a situation where you are under a tight deadline to sign contracts we would recommend that your solicitor is familiar with the area as they will benefit local connections and knowledge. It is even conceivable that they may have conducted previoushouses in the same neighbourhood. Therefore consider using a Yatton conveyancing firm. In addition, double check that the lawyer is on the member panel. It is believed that nearly one in five of Yatton conveyancing deals are suspended or jeopardised after finding out that a purchaser’s conveyancer was not on their mortgage lender’s list of approved solicitors. This can often result in the transaction being delayed by an average of three weeks. It is believed that this issue affects in the region of 100,000 home sales annually. Many Yatton conveyancing firms can not represent certain banks so do check as early as possible.
My wife and I are downsizing from our property in Yatton and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the purchasers instructed a factory type conveyancing firm as opposed to a conveyancing solicitor in Yatton. We have lived in Yatton for three years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You need to check with 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 life insurance to cover that same ailment)
Are there restrictive covenants that are commonly identified as part of conveyancing in Yatton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Yatton. 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…’
How does conveyancing in Yatton differ for newly converted properties?
Most buyers of new build or newly converted property in Yatton approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is constructed. This is because house builders in Yatton 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 Yatton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Yatton is where the house is located. What do you suggest?
Flying freeholds in Yatton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Yatton you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yatton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What does commercial conveyancing in Yatton cover?
Non domestic conveyancing in Yatton incorporates a broad range of advice, provided by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.