We are acquiring our first property. Our lawyer has e-mailedto ask if we would like to take out supplemental conveyancing searches. Unfortunately we in the dark as to what's needed for conveyancing in Clapham
The type of Clapham conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your knowledge of the area and risks, your general approach to risk. What is important is that you properly comprehend what information the searches could provide. Then you can make a decision if you personally think you need that search. Should you be unclear, ask the conveyancer to explain.
Why do I have to pay up front for my conveyancing in Clapham?
Where you are retaining lawyers for conveyancing in Clapham your lawyer will ask you to provide them with monies to cover the search fees. Generally this is needed to cover the fees of the Local Authority Search. When the down payment is as part of the total price then this should be required shortly in advance of contracts are exchanged. Any further balance that is due should be transferred a few days prior to the day of completion.
Are there restrictive covenants that are commonly picked up during conveyancing in Clapham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Clapham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Clapham differ for new build properties?
Most buyers of new build or newly converted property in Clapham approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Clapham typically acquire the site, 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 used to new build conveyancing in Clapham or who has acted in the same development.
Am I better off to use a Clapham conveyancing practitioner who is local to the property I am buying? An old friend can conduct the conveyancing however they are based a couple of hundredmiles drive away.
The primary upside of using a local Clapham conveyancing practice is that you can visit the firm to sign paperwork, present your identification documents and apply pressure on them where appropriate. Having local Clapham know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and on the whole were happy that must outweigh using an unfamiliar Clapham conveyancing solicitor solely due to them being round the corner.