I am buying a property and the solicitor has mentioned Chancel Repair to which the house may be liable as it falls into the area of such a church. She has mentioned insurance. Is this really appropriate for conveyancing in Montgomery
Unless a prior acquisition of the house took place post 12 October 2013 you could expect solicitors carrying out conveyancing in Montgomery to continue to propose a a chancel search and or chancel repair liability policy.
How does conveyancing in Montgomery differ for new build properties?
Most buyers of new build residence in Montgomery come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Montgomery tend to 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 conveyancing solicitors 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 Montgomery or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Montgomery I like with a park and station in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Montgomery for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the shortness of the lease may be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I was advised by two or three local estate agents in Montgomery to get a quote from a property lawyer using your seach tool. What’s the financial upside for Estate Agents to promote your site rather than a competitor’s?
We don’t give any commission for pointing buyers and sellers in our direction. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
In scouring the internet for the words on line conveyancing in Montgomery it brings up many solicitorsin the area. How do I determine which is the right solicitor for me?
The best way of seeking a suitable conveyancer is via personal recommendation, so seek the counsel of colleagues and relatives who have purchased a property in Montgomery or a reputable estate agent or mortgage broker. Fees for conveyancing in Montgomery differ, so it's a good idea to obtain at least four fee estimates from varying types of property lawyers. Make sure that you clarify that the costs are guaranteed not to increase.