When will exchange of contracts take place for residential conveyancing in Beccles and am I required to attend the solicitors branch?

If you are local to our conveyancing solicitors in Beccles you are welcome to come in to sign contracts. That being said, the firms we recommend supply countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when dealing with you digitally. The executing of the contract is not when everything is set in stone. A signed contract simply enables the conveyancer to address the formalities at the appropriate time, which will usually be very 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 Beccles)to be in the office at the appropriate time.

What does a local search tell me concerning the house my wife and I buying in Beccles?

Beccles conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company for example Searches UK The local search is essential in every Beccles conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the property (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 13 topic headings.

It has been 4 months following my purchase conveyancing in Beccles took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 premises 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.

How does conveyancing in Beccles differ for newly converted properties?

Most buyers of new build premises in Beccles contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Beccles usually 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 Beccles or who has acted in the same development.

I've recently bought a leasehold house in Beccles. Do I have any liability for service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Beccles Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing

You should be aware that where the lease has fewer than eighty years it will have adverse implications on the salability of the property. Check with your bank that they are happy with residual term of the lease. Leases with fewer than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out how much this will be. For most Beccleslease extensions you would be be obliged to have owned the property for a couple of years in order to be legally able to exercise a lease extension. Does this lease have more than 80 years left?