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Find a Caddington Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Caddington? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Caddington conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Caddington

Is there a reason why leasehold purchase conveyancing in Caddington costs more?

The conveyancing charges for a leasehold premises in Caddington is frequently higher as compared to a freehold property. This is because there is an amount of additional work necessary in communicating with the landlord and managing agents to obtain information about whether the rent and service charges have been cleared and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the building.

This question may be naive but I am wet behind the ears as a 1st time buyer of a garden flat in Caddington. Do I receive the keys to the property on the completion date from my lawyer? If so, I will use a local conveyancing solicitor in Caddington?

On the day of completion you do not need to go to the conveyancers office in Caddington. Conveyancing lawyers for you will arrange to send the purchase money to the seller's solicitors, and once they have received this, you will be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.

I have today made my last payment due on my mortgage with HSBC. I assume I don't need a Caddington property lawyer on the HSBC panel to remove the mortgage at the Land Registry. Am I right?

If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

  1. but are not moving to another property
  2. where HSBC has sent the Land Registry the discharge electronically, and
  3. HSBC has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your HSBC mortgage has been paid off.

About to purchase house in Caddington. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Caddington solicitor is on the Clydesdale conveyancing panel.

Should my solicitor be making enquiries about flooding as part of the conveyancing in Caddington.

The risk of flooding is if increasing concern for lawyers dealing with homes in Caddington. There are those who purchase a house in Caddington, fully aware that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not best placed to give advice on flood risk, but there are a various searches that can be carried out by the buyer or by their lawyers which will figure out the risks in Caddington. The standard completed inquiry forms given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the owner to find out if the property has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the owner, then a buyer may bring a claim for damages stemming from an misleading reply. A buyer’s lawyers will also conduct an environmental search. This will indicate whether there is any known flood risk. If so, more detailed investigations will need to be made.

What does commercial conveyancing in Caddington cover?

Caddington conveyancing for business premises covers a broad array of advice, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I need to appoint a conveyancing solicitor for purchase conveyancing in Caddington. I have stumble across a site which looks to be the ideal offering If there is a chance to get all formalities completed via web that would be preferable. Do I need to 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?

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