Is there a reason why leasehold purchase conveyancing in South Ruislip is more expensive?
South Ruislip leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My Conveyancer in South Ruislip is not on the TSB Solicitor Panel. Can I still continue with my family solicitor notwithstanding that they are not on the TSB list of approved lawyers?
The limited options open to you here include:
- Carry on with your existing South Ruislip lawyers but TSB will need to instruct a solicitor on their panel. This will result in additional overall legal charges and result in delays.
- Choose a new solicitor to act in the conveyancing, not forgetting to check they are on the TSB panel
Will my solicitor be asking questions concerning flooding during the conveyancing in South Ruislip.
Flooding is a growing risk for solicitors dealing with homes in South Ruislip. There are those who buy a property in South Ruislip, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, however there are a various checks that may be undertaken by the buyer or by their conveyancers which should figure out the risks in South Ruislip. The conventional set of property information forms supplied to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the vendor to determine if the property has suffered from flooding. In the event that flooding has previously occurred and is not notified by the owner, then a purchaser may issue a claim for damages resulting from an inaccurate response. The buyer’s conveyancers may also order an environmental report. This will disclose whether there is any known flood risk. If so, additional inquiries should be initiated.
How does conveyancing in South Ruislip differ for newly converted properties?
Most buyers of new build property in South Ruislip approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because builders in South Ruislip usually acquire the land, 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 conveyancers 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 South Ruislip or who has acted in the same development.
I decided to have a survey carried out on a property in South Ruislip in advance of instructing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend refuse to grant a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in South Ruislip. Conveyancing will be smoother if you use a solicitor in South Ruislip especially if they are accustomed to such properties in South Ruislip.
Is it possible to swap conveyancer as I have to appoint a firm on the Birmingham Midshires conveyancing panel. I instructed a local conveyancing solicitor in South Ruislip round the corner but he is not approved by Birmingham Midshires
We will our best to assist in finding you a conveyancing solicitor in South Ruislip on the Birmingham Midshires panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in South Ruislip. In making use of search facility on this site, you can scrutinise fees for conveyancing solicitors in South Ruislip and throughout England and Wales.