At what point does exchange of contracts happen for residential conveyancing in Freshwater Bay and am I required to attend the lawyers branch?
Where you are near to one of the conveyancing solicitors in Freshwater Bay you are welcome to come in to sign contracts. That being said, the lender approved solicitors we recommend provide countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you by post or email. The executing of the contract is not when everything is set in stone. A signed contract is necessary for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Freshwater Bay)to be in the office available at the end of the phone to exchange contracts.
Should our conveyancer be raising enquiries about flooding as part of the conveyancing in Freshwater Bay.
Flooding is a growing risk for lawyers specialising in conveyancing in Freshwater Bay. Plenty of people will purchase a house in Freshwater Bay, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, however there are a numerous checks that can be undertaken by the buyer or on a buyer’s behalf which will figure out the risks in Freshwater Bay. The conventional set of information supplied to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the vendor to discover if the premises has historically flooded. In the event that flooding has previously occurred and is not disclosed by the owner, then a purchaser may commence a legal claim for losses as a result of such an incorrect reply. The purchaser’s conveyancers should also order an environmental search. This will reveal if there is a recorded flood risk. If so, more detailed investigations will need to be carried out.
I opted to have a survey done on a house in Freshwater Bay before instructing solicitors. I have been told that there is a flying freehold element to the property. Our surveyor has said that some lenders will not grant a loan on a flying freehold house.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Freshwater Bay. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Freshwater Bay to see if the conveyancing costs will increase in light of this.
How can the Landlord & Tenant Act 1954 impact my commercial property in Freshwater Bay and how can your lawyers assist?
The 1954 Act gives protection to business leaseholders, giving them the right to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Freshwater Bay is one of the numerous areas of the UK in which our lawyers have offices
Am I best advised to use a Freshwater Bay conveyancing lawyer in close proximity to the house I am hoping to buy? I have an old university friend who can carry out the conveyancing however they are based 400miles away.
The primary upside of using a local Freshwater Bay conveyancing practice is that you can drop in to sign paperwork, present your identification documents and pester them where appropriate. They will also have local insight which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and the majority were impressed that should trump using an unknown Freshwater Bay conveyancing lawyer just because they are local.
We have just discovered that one of the directors of the conveyancing practice undertaking the purchase conveyancing in Freshwater Bay is an uncle of the vendor. Is this permitted?
On the basis that there is no conflict of interest this should be fine. If you are requiring mortgage finance then the mortgage company may have a say as many mortgage companies have specific requirements concerning this. For example for RBS - Direct Line One as of 6/1/2022, the requirements read as follows :