Why do I have to pay up front for conveyancing in Christchurch?
If you are buying a property in Christchurch your solicitor will ask you put them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the total price then this should be asked for immediately in advance of contracts are exchanged. The final balance that is needed should be sent to your lawyer shortly before completion.
My mortgage company has suggested a law firm on their panel based in Christchurch but I would rather choose a conveyancing lawyer in Christchurch round the corner to me. Are you able to help?
It is by no means the case that all Christchurch conveyancing practices are approved and listed on all lender’s conveyancing panel. Use our search tool to find a Christchurch conveyancing firm on the on the mortgage company panel.
What will a local search reveal about the property my wife and I purchasing in Christchurch?
Christchurch conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Onsearch The local search plays an important part in many a Christchurch conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
How does conveyancing in Christchurch differ for newly converted properties?
Most buyers of new build premises in Christchurch contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because builders in Christchurch typically acquire the real estate, 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 conveyancing solicitors 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 Christchurch or who has acted in the same development.
My wife and I purchased a leasehold house in Christchurch. Conveyancing and Halifax mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Christchurch who previously acted has long since retired. What should I do?
The first thing you should do is make enquiries of HMLR to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Christchurch conveyancing solicitor to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Christchurch - Sample of Queries Prior to Purchasing
Who is in charge of the block? Does the lease include onerous restrictions? Where a Christchurch lease has less than 80 years it will have adverse implications on the value of the apartment. Check with your mortgage company that they are happy with the length of the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and it is worth discovering what this would cost. Remember, in most cases you will need to own the residence for a couple of years in order to be eligible to extend the lease.