I require fast conveyancing in Comberton as I am under an ultimatum to complete in less than 3 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are not obtaining a home loan you are at liberty not to have searches conducted although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Comberton the following are examples of issues that can be revealed and therefore affect future saleability: Enforcement Notices, Overdue Charges, Outstanding Grants, Road Schemes,...
How does conveyancing in Comberton differ for new build properties?
Most buyers of new build property in Comberton come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Comberton usually 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 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 used to new build conveyancing in Comberton or who has acted in the same development.
How do I identify a Comberton law firm on the Chelsea Building Society conveyancing panel? I am a keen cyclist and am prepared to travel upto 20miles to meet the lawyer.
You can use the tool on this website. Please choose the bank and your location and you will see a number of Comberton conveyancing lawyers based on proximity. We have listed some Comberton conveyancing firms towards the end of this page and you can contact them to see whether they are on the Chelsea Building Society approved list
I work for a long established estate agent office in Comberton where we see a number of leasehold sales put at risk due to leases having less than 80 years remaining. I have been given conflicting advice from local Comberton conveyancing solicitors. Can you shed some light as to whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Comberton Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
The answer will be useful as a) areas could cause problems in the building as the common areas may start to deteriorate if maintenance remain unpaid b) if the leasehold owners have an issue with the running of the building you will wish to have full disclosure Please tell me if there are any major works in the planning that will add a premium to the service costs? What restrictions are there in the Comberton Lease?
Should I stop the direct debit for my mortgage with Co-operative as soon as a completion date for my home sale in Comberton has been set?
No, you must keep meeting any mortgage sums to Co-operative pending the mortgage being discharged out of the proceeds of sale as part of your Comberton conveyancing.