Is there a reason why leasehold purchase conveyancing in Brockley is more expensive?
Brockley leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Have purchased a a detached house in Brockley , What is the estimated time for the Land Registry to register the transfer to my name? My Brockley conveyancing solicitor works at snail pace, so I want to be sure the land registry aspects are dealt with.
There is nothing unique when it comes to conveyancing in Brockley registration formalities. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and if the Land registry have to notify any other persons or bodies. At present approximately 80% of such applications are completed within 12 days but occasionally there can be longer hold-ups. Registration takes place once the buyer has moved in to the property so 'speed' is not typically primary concern but where there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
How does conveyancing in Brockley differ for new build properties?
Most buyers of new build residence in Brockley contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Brockley usually purchase 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 Brockley or who has acted in the same development.
Am I better off to use a Brockley conveyancing solicitor based in the location that I am buying? I have an old university friend who can deal with the conveyancing however his firm is located 200kilometers drive away.
The primary upside of using a local Brockley conveyancing practice is that you can pop in to execute documents, present your identification documents and apply pressure on them where appropriate. Having local Brockley know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and the majority were impressed that should trump using an unfamiliar Brockley conveyancing solicitor just because they are based in the area.
Why is New Build conveyancing in Brockley more expensive?
Purchasing a brand new premises is completely distinct from the normal house buying conveyancing in Brockley. Firstly developers ordinarily require contracts to exchange inside a short timeframe, the result being a lot of pressure on your lawyer to ensure everything is in order. In addition new build properties often involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank requirements are also more demanding. Due to the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.