I require expedited conveyancing in Burbage as I am faced with an ultimatum to sign on the dotted line in less than one month. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at liberty not to do searches although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Burbage the following are examples of issues that can be revealed and therefore impact future mortgageability: Enforcement Actions, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
How does conveyancing in Burbage differ for newly converted properties?
Most buyers of new build premises in Burbage approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Burbage tend to 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 conveyancers 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 Burbage or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Burbage I like with open areas and transport links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Burbage in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I need to instruct a conveyancing solicitor for my conveyancing in Burbage. I have land on a site which appears to be the perfect solution If it is possible to get all this stuff completed via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do online conveyancing organisations undertake everything a high street Burbage solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Burbage?
Where you use an online conveyancer they will cover all the work your Burbage conveyancer would cover.