AssumingI were to acquire a simple residential propertyin Common Edge for cash and have no survey and no local authority searches how much should I expect to have to pay for conveyancing in Common Edge?

Any savings you would gain will be limited to the Common Edge conveyancing searches. A lawyer still be obliged to do everything else - money laundering, communicating with the vendors property lawyer, stamp duty return, register the ownership etc. A slight saving might be made by not needing to register a charge but it won't be significant.

What can a local search tell me about the property I am purchasing in Common Edge?

Common Edge conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for instance Xpress Legal The local search is essential in every Common Edge conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search will reveal 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 13 subject sections.

I completed on my apartment on 12 April and my personal details is not yet registered. Any reason for this? My conveyancing solicitor in Common Edge expressed confidence that it will be formalised in less than a month. Are properties in Common Edge particularly slow to register?

There is nothing unique when it comes to conveyancing in Common Edge registration formalities. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether it is in order and if the Land registry must send notices to any 3rd parties. As of today roughly three quarters of submission are fully addressed within two weeks but some can be subject to longer delays. Registration is effected once the new owner has moved in to the property thus registration formalities is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.

How does conveyancing in Common Edge differ for new build properties?

Most buyers of new build property in Common Edge come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Common Edge usually 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 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 Common Edge or who has acted in the same development.

I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Common Edge I like with open areas and railway links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Common Edge for this price, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.