I am acquiring a house without a mortgage in Castle Eden. I have been living for the previous 20 years in Castle Eden. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?
Provided that you do not need a home loan, then all but one or two of the Castle Eden conveyancing searches are optional. Your solicitor will ’encourage you, perhaps strongly, that you should have searches carried out, but she is duty bound to take that path of advice. One thing to bear in mind; if you are going to dispose of the house one day, it will be of importance to your prospective purchaser what the searches disclose. On occasion houses with no practical issues can still show up unpredicted search results. A competent conveyancing solicitor in Castle Eden should be able to give you some helpful guidance here.
This question may be naive but I am new to the home moving as a 1st time buyer of a garden flat in Castle Eden. Do I receive the keys to the property on completion from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Castle Eden?
On the day of completion you will not be required to go to the conveyancers office in Castle Eden. Your solicitors will arrange to send the purchase money to the vendor’s lawyers, and once they have received this, you will be invited to collect the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
I am planning to move house in August. Should my conveyancing solicitor call the removal company on the day of completion. As an aside, can you suggest a removal company in Castle Eden. Conveyancing solicitor was found before I stumbled across your page.
On the day of completion you will need to collect the house keys from your estate agent however this can only be done when the sellers lawyers advise the agent that the monies to complete are in and the keys can be handed over. Subsequently you should inform the removal men that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can help you locate a residential property solicitor in Castle Eden or a lawyer that specialises in conveyancing in Castle Eden.
Having read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Castle Eden solicitor - who is on the HSBC conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Castle Eden surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
How does conveyancing in Castle Eden differ for new build properties?
Most buyers of new build premises in Castle Eden contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because builders in Castle Eden tend to 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 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 accustomed to new build conveyancing in Castle Eden or who has acted in the same development.
I am looking for a leasehold apartment up to £195,000 and found one close by in Castle Eden I like with a park and railway links in the vicinity, however it only has 61 years on the lease. I can't really find anything else in Castle Eden in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the shortness of the lease will be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I see that you have a search directory listing law firms on the bank conveyancing panel. Do Castle Eden conveyancing firms pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Castle Eden.