At what point will exchange of contracts take place for sale conveyancing in Northam and do I need to be at the lawyers office?
If you are in close proximity to our conveyancing solicitors in Northam you are welcome to come in to sign documents. However, the law practices we work with provide countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when communicating with you by post or email. The executing of the purchase agreement is not the point of no return. Signing on the dotted line is necessary for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Northam)to be in the office available at the end of the phone to exchange contracts.
Me and my brother own a terraced Victorian property in Northam. Conveyancing lawyer represented me and The Royal Bank of Scotland. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Northam and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing solicitor who conducted the purchase.
Due to the advice of my in-laws I had a survey completed on a property in Northam ahead of retaining lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders will refuse to grant a loan on this type of house.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Northam. Conveyancing may be slightly more expensive based on your lender's requirements.
I was pointed in your direction by a number of selling agents in Northam to select a solicitor using your seach tool. Is there a financial incentive for Estate Agents to promote your site rather than another?
We refuse to offer any referral fee for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission because a client could 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 new on the property ladder - had an offer accepted, yet the selling agent told us that the owners will only proceed if we appoint the agent's chosen lawyers as they need a ‘quick sale’. Our preferred option is to instruct a local solicitor with experience of conveyancing in Northam
It is improbable the owners are behind this. Should the vendor desire ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Contact the sellers directly and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to appoint your preferred Northam conveyancing solicitors - not the ones that will earn the estate agent a referral fee or hit his conveyancing figures demanded by head office.
I only have 68 years remaining on my lease in Northam. I now want to extend my lease but my landlord is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to prove that you have done all that could be expected to find the landlord. For most situations an enquiry agent should be helpful to conduct investigations and prepare a report which can be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Northam.
Leasehold Conveyancing in Northam - Examples of Questions you should ask Prior to buying
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What prohibitions are contained in the Northam Lease? How long is the Lease? What is the maintenance charge and ground rent on the flat?