Is it realistic for conveyancing in Dorchester to be completed in under a month?
Where the seller is applying a tight deadline for your conveyancing we would recommend that your solicitor is familiar with the area as they will make use of local connections and insight. It is possible that they may have conducted previoushouses in the same street. Therefore consider using a Dorchester conveyancing solicitor. Second, make sure that the lawyer is on the on the approved list for your mortgage company. It is said that nearly one in five of Dorchester conveyancing transactions are held up or derailed after finding out that a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the transaction being frustrated by almost 21 days. It is understood that this issue affects approximately one hundred thousand home sales annually. Almost all Dorchester conveyancing firms can not act for certain banks so do check as early as possible.
Are the Dorchester conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?
Dorchester conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
Just had an offer accepted on a new build flat in Dorchester. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Dorchester
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I decided to have a survey carried out on a property in Dorchester prior to retaining lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders will refuse to grant a mortgage on this type of property.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Dorchester. Conveyancing will be smoother if you use a solicitor in Dorchester especially if they are accustomed to such properties in Dorchester.
What does commercial conveyancing in Dorchester cover?
Commercial conveyancing in Dorchester incorporates a wide array of guidance, given by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
What advice can you give us when it comes to choosing a Dorchester conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Dorchester conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Dorchester conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
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What are the costs for lease extension work? What volume of lease extensions has the firm completed in Dorchester in the last twenty four months?
Dorchester Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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Can you tell me if there are any major works on the horizon that could add a premium to the service charges? Who are the managing agents? What is the service charge and ground rent on the property?