Much to our surprise we have been informed by our mortgage adviser that my Linslade the law firm I have appointed is not on the bank Solicitor panel. How can I check?
The first thing you need to do is to call your Linslade conveyancer. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
IfI was to purchase a straightforward homein Linslade for cash and have no survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Linslade?
The only saving you would make on is the Linslade conveyancing searches. The conveyancer still got to do everything else - money laundering, communicating with your vendors lawyer, SDLT return, register the title etc. A slight saving might be made by not needing to register a mortgage but it won't be significant.
I am the registered owner of a freehold premises in Linslade but still charged rent, why is this and what is this?
It is rare for properties in Linslade and has limited impact for conveyancing in Linslade 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 date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Should our conveyancer be raising questions about flooding as part of the conveyancing in Linslade.
Flooding is a growing risk for lawyers conducting conveyancing in Linslade. Some people will buy a property in Linslade, fully aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a number of searches that can be carried out by the buyer or by their solicitors which should give them a better understanding of the risks in Linslade. The standard information sent to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual question of the seller to find out if the premises has suffered from flooding. If flooding has previously occurred and is not revealed by the seller, then a buyer may issue a legal claim for losses stemming from an inaccurate response. A purchaser’s lawyers may also order an environmental report. This will disclose whether there is a recorded flood risk. If so, further investigations should be carried out.
How does conveyancing in Linslade differ for new build properties?
Most buyers of new build property in Linslade come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Linslade usually acquire 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 Linslade or who has acted in the same development.
My business partner and I are wishing to lease a unit on a shopping parade. Can you recommend solicitors offering fixed costs for commercial conveyancing in Linslade for below £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Linslade, including the disposal and purchase of businesses as well as simply property. Whether you are looking to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the costs this will depend on the structure and heads of terms of the deal. Let us have your details or call so as to enable us to provide you with a fixed commercial conveyancing quote.