Much to our surprise we have been informed by our estate agent that my Burscough property lawyer is not on the bank Conveyancing panel. What can I do to be sure that this is correct?
Your first step should be to call your Burscough lawyer directly. You lawyer should inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
How does conveyancing in Burscough differ for newly converted properties?
Most buyers of new build premises in Burscough approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because house builders in Burscough 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 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 Burscough or who has acted in the same development.
What does commercial conveyancing in Burscough cover?
Non domestic conveyancing in Burscough incorporates a wide array of guidance, supplied by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Am I better off to choose a Burscough conveyancing solicitor based in the area that I am buying? An old friend can conduct the conveyancing however her office is 300miles away.
The benefit of a local Burscough conveyancing firm is that you can pop in to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and the majority were content that must trump using an unknown Burscough conveyancing lawyer solely due to them being local.
At what stage do I cover the costs of the Stamp Duty Land Tax chargeable for my Burscough flat purchase?
Most conveyancing practitioners tend to fill out a Land Transaction Return Form for you as part of your Burscough purchase transaction for signature. After completion your solicitor will submit the STL application to the Inland Revenue and - as long as they have the money - settle any tax bill payable on your behalf.