I am purchasing residence in Elmstead. My Conveyancer is not listed on the lender conveyancing list. Is it possible for me to retain my Elmstead conveyancing solicitor even though they are excluded from the mortgage company approved list?
You have numerous options open to you here
- Complete the purchase with your preferred Elmstead conveyancer but your bank will need to appoint a conveyancing practitioner from their conveyancing panel. The net result is additional fees and likely delay.
- Choose a new lawyer to act in the purchase, obviously checking they are on the lender conveyancing panel.
- Convince your lawyer to apply to join the mortgage company panel
Can you vouch for a Nationwide Building Society allowed Elmstead conveyancing lawyer that can complete within less than a month? Am I best advised to unstruct a high street Elmstead practice or a factory type comparison site?
We can recommend some very good Elmstead conveyancing firms. Another option is to visit the high street in Elmstead. Visit two or three firms and ask to see a conveyancing solicitor for a fee estimate. Discuss your expectations together with your reasons and ask for an assurance on your deadline. Appoint the one that genuine.
Are there restrictive covenants that are commonly identified as part of conveyancing in Elmstead?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Elmstead. 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 Elmstead differ for newly converted properties?
Most buyers of new build residence in Elmstead contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Elmstead typically buy 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 Elmstead or who has acted in the same development.
I have been on the look out for a flat up to £305k and found one near me in Elmstead I like with amenity areas and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Elmstead suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
My business partner and I are hoping to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering no-sale-no fees for commercial conveyancing in Elmstead for below £2000?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Elmstead, including the sale and acquisition of businesses as well as simply premises. If you are looking to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right solicitor. Regarding the fees these will vary based on the structure and complexity of the proposed transaction. Please provide us with your details or telephone us so that we can supply you with a detailed commercial conveyancing calculation.