We are buying a apartment in Morecambe. It might be a silly question but how we can trust a solicitor? On completion day we will need to send our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am purchasing a terrace house in Morecambe. The intention is to an extension at the rear at the property.Will legal due diligence on the property include enquiries to determine if these works are prohibited?
Your solicitor will check the deeds as conveyancing in Morecambe can on occasion identify restrictions in the title documents which prevent certain works or require the permission of a 3rd party. Certain works call for local authority planning consent and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
Virgin Money have agreed my home loan in principle, my offer on a property in Morecambe has been agreed to, what happens next?
The property agent will want to be informed of your solicitor's details (ensure that the property lawyers are on the lender’s panel). Telephone Virgin Money or the financial adviser and finalise any outstanding paperwork. Virgin Money will sellect a valuer who will get in contact with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes about a week to get a mortgage offer. Virgin Money will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Morecambe.
Are there restrictive covenants that are commonly picked up during conveyancing in Morecambe?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Morecambe. 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…’
Due to the guidance of my in-laws I had a survey completed on a property in Morecambe before retaining solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some lenders may not grant a mortgage on this type of property.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you contact us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Morecambe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Morecambe to see if the conveyancing will be more expensive.
I was advised by two or three local selling agents in Morecambe to choose a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to offer your services ahead of alternative conveyancing organisations?
We refuse to offer any commission for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
We're FTB’s - had an offer accepted, yet the agent has warned us that the vendor will only issue a contract if we use their chosen lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Morecambe
It is improbable the sellers are driving this. If they require ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you are chain free (d) you wish to move quickly (e)but you intend to use your own,trusted Morecambe conveyancing solicitors - rather thanthose that will provide the negotiator at the agency a commission or achieve conveyancing targets set by head office.
I've found a house that seems to be perfect, at a great price which is making it all the more appealing. I have since found out that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Morecambe. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
The majority of houses in Morecambe are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in Morecambe in which case you should be shopping around for a Morecambe conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the house is located on an estate. Your solicitor will appraise you on the various issues.
Leasehold Conveyancing in Morecambe - A selection of Queries before Purchasing
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Who is in charge of the block? Is anyone aware of any major works in the near future that will increase the service charges?