I am purchasing a semi-detached house in Collier Row. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Collier Row you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Collier Row.
My bid for a property was accepted at auction in Collier Row. Conveyancing is needed. What happens now?
Having legally bound yourself to purchase you should retain a conveyancing practitioner soon as you are faced with a fast approaching a drop dead date to complete the deal. Every auction property should have a corresponding auction pack. This will likely include most,if not all of the documents that your conveyancer will need. In the case of leasehold property the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You should pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds in place to complete the transaction on the set completion date.
My uncle pointed out to me me that in purchasing a property in Collier Row there could be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
There are a number of properties in Collier Row which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Collier Row should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Collier Row solicitor practices on the RBS conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the RBS conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Many mortgage companies do list licenced conveyancers on their panel and in such a situation the organisation would be regulated by the Council of Licensed Conveyancers.
What can a local search inform me concerning the house I am purchasing in Collier Row?
Collier Row conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Searchflow The local search plays an important part in many a Collier Row conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
Are there restrictive covenants that are commonly picked up during conveyancing in Collier Row?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Collier Row. 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 Collier Row differ for new build properties?
Most buyers of new build premises in Collier Row contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Collier Row typically purchase 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 used to new build conveyancing in Collier Row or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in Collier Row I like with a park and station nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Collier Row suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the shortness of the lease may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can request that they 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 consult your conveyancing lawyer concerning this.