Why is leasehold purchase conveyancing in Alton is more expensive?
The conveyancing charges on a leasehold property in Alton is often more expensive than on a freehold acquisition or disposal. This is due to the supplemental investigations necessary in dealing with the landlord and management company to collate the information concerning whether the rent and service charges have been discharged and whether there are any major works due in the near future on repairs or maintenance of the building.
Please help - my lawyer advises that missing deeds insurance is required on my purchase. What is the level of cover for Alton conveyancing?
The appropriate level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and Barnsley Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
is it true that all Alton solicitors on the Kent Reliance conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Kent Reliance conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of lenders do permit licenced conveyancers on their panel in which case such firms would be regulated by the CLC.
We were going to get a DIP from HSBC this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Alton solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint Alton solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I need some expedited conveyancing in Alton as I have an ultimatum to exchange contracts in less than 4 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to have searches conducted although no law firm would suggest that you don't. With lots of history conveyancing in Alton the following are instances of what can be revealed and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified as part of conveyancing in Alton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Alton. 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 Alton differ for new build properties?
Most buyers of new build or newly converted property in Alton come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Alton usually acquire the site, 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 Alton or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Alton is where the house is located. What do you suggest?
Flying freeholds in Alton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Alton 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 Alton may decide 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 premises.