Why do I have to pay up front for conveyancing in Alfriston?
Where you are retaining lawyers for conveyancing in Alfriston your lawyer will ask you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the sale price then this should be asked for shortly ahead of contracts are exchanged. The final balance that is due should be sent to your lawyer shortly before completion.
Should commercial conveyancing searches reveal impending roadworks that could impact a commercial land in Alfriston?
Many commercial conveyancing solicitors in Alfriston will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Alfriston. The report sets out definitive information 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 Alfriston.
For each commercial conveyancing transaction in Alfriston it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Alfriston commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Alfriston.
Are there restrictive covenants that are commonly identified during conveyancing in Alfriston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Alfriston. 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…’
I am looking for a flat up to £235,500 and identified one round the corner in Alfriston I like with a park and station in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in Alfriston suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I have been pointed in your direction by a number of selling agents in Alfriston to find a conveyancer using your seach tool. Is there a financial upside for Estate Agents to recommend your site ahead of a competitor’s?
We don’t offer any financial incentive for sending work in our direction. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My fiance and I are planning to purchase a four room housein Alfriston with a residential mortgage from a mortgage company. We would like to retain our conveyancer in Alfriston however our mortgage company advise she’s not on their "panel". We have to appoint one of the our lender panel firms or keep our Alfriston solicitor and incur the extra fees for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The bank mortgage issued is subject to its terms and conditions, one of which will be that lawyers will on the mortgage company's conveyancing panel. in the past, most lenders had large numbers of law firms on their panels, including most conveyancing solicitors in Alfriston : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your mortgage company.