We're in Clophill, First time buyers purchasing with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Are there restrictive covenants that are commonly identified during conveyancing in Clophill?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Clophill. 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…’
I am looking to sell my house. My former conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Clophill if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Clophill. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I need to appoint a conveyancing solicitor for my conveyancing in Clophill. I happened to stumble across a site which looks to be the perfect offering If it is possible to get all formalities completed via phone that would be ideal. 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?
We own a leasehold flat in Clophill. Conveyancing was completed in 21012. I have read on a number of advice forums that I should not allow the the remaining lease term to get too short. Is this correct?
Clophill residential long term leases are for a fixed term - normally just under one hundred years when they started. However a significant flats in Clophill were constructed or converted 25 or more years ago and so these leases now have fewer than eighty years unexpired. That may seem like plenty of time however Banks, Building Societies and other mortgage institutions on the whole require leases to have a minimum of seventy five years left to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing eighty years. To increase your property value you should be thinking about whether to extend your lease well in advance of selling the property. There are also significant benefits to taking action before the lease reaches even 80 years as when the lease falls below 80 years the amount you have to pay to extend starts to get a lot more expensive.