I am in a contract race with another prospective purchaser for a property in Canton. What can I do to expedite matters?
Where the seller is applying pressure for your conveyancing we would recommend that your solicitor is familiar with the location as they will benefit local connections and intelligence. It is possible that they may have transacted otherhomes in the same street. Therefore consider using a Canton conveyancing solicitor. In addition, ensure that the lawyer is on the on the approved list for your mortgage company. It is understood that nearly one in five of Canton conveyancing transactions are held up or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the transaction being held up by almost 21 days. It is understood that this issue affects approximately 100,000 home moves every year. Most Canton conveyancing practices can not act for certain mortgage companies so do check at the outset.
My wife and I purchased a terraced Victorian property in Canton. Conveyancing lawyer acted for me and Santander. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be 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 Canton and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing practitioner who completed the work.
About to purchase a new build flat in Canton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Canton
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. 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.
What does commercial conveyancing in Canton cover?
Commercial conveyancing in Canton incorporates a wide range of advice, supplied by qualified 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 usually, 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.
Am I better off to use a Canton conveyancing practitioner based in the vicinity that I am purchasing? An old friend can carry out the conveyancing but they are based over three hundred miles drive away.
The primary upside of using a high street Canton conveyancing firm is that you can attend the office to execute documents, deliver your identification documents and pester them where appropriate. Having local Canton know how is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and they were happy that should surpass using an unknown Canton conveyancing solicitor just because they are local.