This question may be naive but I am new to the home buying as a 1st time buyer of a ground floor flat in Silsoe. Do I collect the keys to the property on the completion date from my lawyer? If so, I will find a High Street conveyancing solicitor in Silsoe?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the owner’s conveyancers, and once they have received this, you should be called to pick up the keys from the selling Agents and start moving into the property. Usually this occurs between 1 and 3pm.
A friend advised me that in purchasing a property in Silsoe there may be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of anumerous of properties in Silsoe which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Silsoe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Silsoe bank branch on various occasions and was told it wasn't an issue and they will lend. My Silsoe conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the lawyer is on the mortgage company panel, she or he must adhere to the Council of Mortgage Lenders’ Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Will commercial conveyancing searches disclose planned roadworks that could impact a commercial property in Silsoe?
Its becoming the norm that commercial conveyancing solicitors in Silsoe will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Silsoe. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Silsoe.
For every commercial conveyancing transaction in Silsoe it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Silsoe commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Silsoe.
It has been five months following my purchase conveyancing in Silsoe concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build apartment in Silsoe. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Silsoe
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I decided to have a survey done on a property in Silsoe prior to retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some lenders will not issue a loan on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Silsoe. Conveyancing will be smoother if you use a solicitor in Silsoe especially if they are acquainted with such properties in Silsoe.
My husband and I are novice buyers - agreed a price, yet the property agent has warned us that the vendor will only move forward if we use the agent's preferred lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer used to conveyancing in Silsoe
We suspect that the seller is unaware of this requirement. If they want ‘a quick sale', alienating a serious purchaser is going to damage their objectives. Bypass the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Silsoe conveyancing solicitors - as opposed tothose that will earn the negotiator at the agency a introducer fee or hit his conveyancing thresholds pre-set by corporate headquarters.