Finally, a mortgage agreement from Santander for the remortgage of my 3 bedroom maisonette is expected imminently. Can you suggest a cheap conveyancing lawyer in Northam?

You are on the wrong site if you are seeking a cheap conveyancing in Northam. We can offer you value for money conveyancing but we do not aim to advertise as being the cheapest. Resist the temptation to appoint brokers offering £99 conveyancing in Northam. The optimum result, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst you will end up being stung for additional fees and still not get the service required.

At what point does exchange of contracts happen for sale conveyancing in Northam and do I need to be at the lawyers office?

Where you are in close proximity to our conveyancing solicitors in Northam you are invited in to sign documents. However, the law practices we work with supply countrywide coverage for conveyancing and give as equally diligent and professional a job for you when dealing with you electronically. The executing of the contract is not the point of no return. Signing on the dotted line simply enables the solicitor to address the formalities at the suitable time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "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.

I purchased a semi-detached Victorian property in Northam. Conveyancing lawyer represented me and Bank of Ireland. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??

You need to assess the Freehold register you have again and check the Charges Register for 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 mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing practitioner who completed the work.

I work for a long established estate agent office in Northam where we have experienced a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Northam conveyancing firms. Could you clarify whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Leasehold Conveyancing in Northam - Examples of Questions you should ask before buying

You will want to find out as much as possible regarding the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to every day matters like the cleanliness of the communal areas. Enquire of other people whether they are happy with them. Finally, be sure you know the dates that you are obliged pay the service charge to the relevant party and precisely what it includes. This question is helpful as a) areas could result in problems in the building as the common areas may start to deteriorate where services remain unpaid b) if the leasehold owners have an issue with the running of the building you will want to have all the details It would be wise to investigate if there are any onerous prohibitions in the lease. By way of example some leases prohibit pets being allowed in in a block in Northam. If you like the propertyin Northam yet your dog can’t move with you then you will be faced difficult compromise.

Should I be worried if there is an issue with the searches conducted as part of our conveyancing in Northam?

Normally, almost all problems that arise in Northam conveyancing search results can be addressed before completion or title insurance can be obtained. It is important to remember that regardless of the fact that you may be acquiring the property and may be content to accept the search results, your building society or bank may not, and ultimately have the final decision.