Is there a reason to appoint a Falconwood conveyancing firm when internet based alternatives are less overpriced?
To take your time to find contrast conveyancing costs in Falconwood and you should seek a reasonable quote but don’t be focused with searching for the cheapest Falconwood conveyancer. Identifying the right conveyancer can mark the difference between a smooth and a stressful move. It is important that you ensure that you have expert advice from a trusted solicitor. Emails can't be as helpful as a phone discussion and can never replicate a face to face consultation. Our partner firms will allocate you a qualified and trusted conveyancing solicitor who can handle your conveyancing from from the outset to completion, giving the sort of continuity that you are unlikely to received from an online conveyancer. Our lawyers will contact you regularly to update you as to any developments making sure that you are ensuring that you are updated at regular intervals. Should you need to contact the office you will know who to ask for and we'll be sure you are in the know.
My wife and I are only a couple days away from an exchange on a house in Falconwood and my parents have sent the exchange deposit to my property lawyer. I am now told that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your property lawyer is obliged to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I am the registered owner of a freehold residence in Falconwood yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Falconwood and has limited impact for conveyancing in Falconwood but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
How does conveyancing in Falconwood differ for new build properties?
Most buyers of new build premises in Falconwood approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Falconwood usually purchase the land, 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 conveyancers 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 Falconwood or who has acted in the same development.
I opted to have a survey carried out on a house in Falconwood prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some banks tend refuse to give a mortgage on such a premises.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. If you call 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 Falconwood. Conveyancing may be slightly more expensive based on your lender's requirements.
My partner has suggested that I instruct his conveyancers in Falconwood. Should I find my own conveyancer?
No doubt the best way to select a conveyancing lawyer is to get referrals from friends or relatives who have experience in using the conveyancer you're considering.