We see that you have a post code search directory identifying law firms on the RBS conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Potton?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Potton.
I just bought a flat at auction in Potton. Conveyancing is necessary. What are my next steps?
Given that you have now legally bound yourself to purchase you now have to appoint a conveyancing solicitor quickly as you will have a pending a fixed date to complete the deal. An auction property will have a bespoke auction set of papers. This should include evidence of title and search results. If you have purchased leasehold premises the auction pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You should pass this on to the lawyer instructed by you at the earliest opportunity. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
I am buying a terrace house in Potton. Our aim is to convert the garage to a playroom at the property.Will the conveyancing process include checks to see if these alterations are permitted?
Your conveyancer will review the deeds as conveyancing in Potton can on occasion reveal restrictions in the title deeds which prevent certain changes or require the consent of another owner. Many extensions call for local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
is it true that all Potton solicitors on the Nationwide conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Nationwide conveyancing panel they would need to be governed by the SRA. Some banks do allow licenced conveyancers on their panel in which case such firms would be overseen by the CLC.
How does conveyancing in Potton differ for new build properties?
Most buyers of new build premises in Potton contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Potton tend to buy the real estate, 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 property lawyers 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 used to new build conveyancing in Potton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Potton is where the house is located. Is there any guidance you can impart?
Flying freeholds in Potton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Potton you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Potton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I have been recommended by numerous property agents in Potton to locate a conveyancer on your site. What’s the financial advantage for Estate Agents to recommend your services ahead of alternative conveyancing organisations?
We refuse to offer any commission for directing people to this site. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have just appointed agents to market my basement flat in Potton. Conveyancing lawyers have not yet been instructed, however I have recently received a half-yearly service charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would given that all rents and service payments will be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a 1st floor flat in Potton, conveyancing was carried out in 2002. How much will my lease extension cost? Similar flats in Potton with over 90 years remaining are worth £202,000. The ground rent is £55 yearly. The lease comes to an end on 21st October 2081
With only 56 years remaining on your lease we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.