Is it realistic for conveyancing in Borehamwood to be completed in less than two weeks?
In a situation where the seller is applying time constraints for your conveyancing it is advisable to make sure that your conveyancer is familiar with the location as they will make use of local contacts and know-how. It is even conceivable that they may have conducted otherproperties in the same road. Therefore consider using a Borehamwood conveyancing firm. Second, be sure that the conveyancing firm is on the member panel. It is understood that nearly one in five of Borehamwood conveyancing deals are delayed or derailed after discovering a buyer’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the home move being held up by almost 21 days. It is believed that this issue affects in the region of 100,000 home sales annually. Many Borehamwood conveyancing practices can not represent certain banks so do check at the outset.
When does exchange of contracts take place for domestic conveyancing in Borehamwood and do I need to be at the conveyancers office?
If you are round the corner to our conveyancing solicitors in Borehamwood you are invited in to sign contracts. That being said, the law practices we work with provide a national conveyancing service and provide as equally detailed and professional a job for you when communicating with you electronically. The signing of the property agreement is not the point of no return. A signed contract is just a prerequisite for the solicitor to address the formalities at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Borehamwood)to be in the office available at the end of the phone to exchange contracts.
My wife and I have a semi-detached Victorian house in Borehamwood. Conveyancing practitioner acted for me and Virgin Money. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Borehamwood and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who conducted the conveyancing.
Just had an offer accepted on a new build apartment in Borehamwood. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Borehamwood
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Is planning permission necessary to change a house into two flats in Borehamwood? This has taken place to a house opposite to my home in Borehamwood and was not aware of the conversion until it was complete.
Planning Consent yes. Building Regulations yes.