Souldretaining a Newington conveyancing solicitor make the legal process smoother?
On the whole conveyancing solicitors in your location will have excellent connections with your local authority, which can help with the Newington conveyancing searches that your lawyer will require on your transaction. It can only assist if they enjoy existing rapport with the Local Land Registry Office your area Newington, other conveyancers in the neighbourhood and Newington property agents.
I am acquiring a property mortgage free in Newington. I have lived for the previous dozen years in Newington. Conveyancing searches are a lot of money. Given that I know the area and road very well must I have all the conveyancing searches?
Provided that you do not need a home loan, then all but one or two of the Newington conveyancing searches are non-obligatory. Your conveyancer will try and sway you, perhaps strongly, that you should have searches done, but he is duty bound to do this. Do consider; if you are intend to sell the house one day, it may be of importance to your prospective buyer what the searches reveal. On occasion houses with no practical issues can still reveal adverse search results. A competent conveyancing solicitor in Newington should provide you some practical guidance in this regard.
I used Wolstenholmes a few years ago for my conveyancing in Newington. I now require my file however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Newington of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey done on a property in Newington before retaining conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some lenders may refuse to issue a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can look into this 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 Newington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Newington to see if the conveyancing will be more expensive.
I have been advised by a number of property agents in Newington to select a conveyancer on your site. What’s the financial advantage for Estate Agents to recommend your lawyers rather than another?
We don’t give any commission for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
I own a leasehold flat in Newington. Conveyancing was finished in five years ago. I have been told that I mustn’t let the lease length get too low. Is this right?
Newington leasehold properties are for a fixed period - usually 99 years when they started. However many flats in Newington were built or converted in the 60’s and so such leases now have under 80 years left to run. This may seem like plenty of time but Banks, Building Societies and other mortgage lenders tend to need leases to have a minimum of 75 years unexpired to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are getting close to seventy five years. To maximise the saleability of your property you should be considering whether or not to extend your lease well in advance of selling the property. Please note that there are advantages to taking action before the lease reaches even eighty years as when the lease is below 80 years the premium you have to pay to extend starts to increase.