Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when purchasing a property in Coombe Warren?
Unless a prior acquisition of the property completed after 12 October 2013 you may assume that conveyancing practitioners delivering conveyancing in Coombe Warren to remain recommending a chancel search and or insurance against a claim.
How does conveyancing in Coombe Warren differ for new build properties?
Most buyers of new build or newly converted property in Coombe Warren come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Coombe Warren tend to buy 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 used to new build conveyancing in Coombe Warren or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and found one near me in Coombe Warren I like with amenity areas and railway links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Coombe Warren for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
Is it possible to swap conveyancer as I have to choose one who is on the The Mortgage Works conveyancing list. I hired a local conveyancing solicitor in Coombe Warren five minutes from me but the firm is not approved by The Mortgage Works
It would be our pleasure to assist you find a conveyancing solicitor in Coombe Warren on the The Mortgage Works panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Coombe Warren. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Coombe Warren.
When it comes to my conveyancing in Coombe Warren should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Coombe Warren conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.