I am buying a house for cash in Soho. I have resided for the previous dozen years in Soho. Conveyancing searches are a lot of money. Given that I have knowledge of the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then the vast majority of the Soho conveyancing searches are optional. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches done, but she has a professional duty to do this. One thing to bear in mind; if you are intend to sell the house at a future date, it will be of interest to your prospective purchaser what the searches determine. Sometimes premises with day to day issues can still reveal adverse search results. A good conveyancing solicitor in Soho will provide you some helpful advice concerning this.
What does a local search inform me regarding the property my wife and I buying in Soho?
Soho conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for instance Xpress Legal The local search plays a central part in most Soho conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I have todaybeen informed that Arc property Solicitors have been shut down. They conducted my conveyancing in Soho for a purchase of a leasehold flat 18 months ago. How can I establish that my home is in my name in the name of the previous owner?
The easiest way to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Soho conveyancing specialists.
How does conveyancing in Soho differ for new build properties?
Most buyers of new build property in Soho approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Soho typically buy the site, 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 accustomed to new build conveyancing in Soho or who has acted in the same development.
I opted to have a survey done on a property in Soho prior to instructing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders may not grant a mortgage on a flying freehold home.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Soho. Conveyancing will be smoother if you use a solicitor in Soho especially if they are familiar with such properties in Soho.