What is the first thing I need to know about purchase conveyancing in Corsham?

Not many law firms or advisers will tell you this but conveyancing in Corsham and elsewhere in England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there exists plenty of opportunity for conflict between you and other parties involved in the transaction. For example, the seller, property agent and sometimes the lender. Selecting a law firm for your conveyancing in Corsham is a critical decision as your conveyancer is your adviser, and is the ONLY party in the transaction whose interest is to act in your best interests and to keep you safe.

There is a distinct ongoing adversarial element to conveyancing- someone must be blamed for the process taking so long. You your first instinct should be to trust your lawyer above the other players in the home moving process.

I am buying a property and the lawyer has mentioned Chancel Repair for which the property could be liable as it falls into the area of such a church. She has suggested insurance. Is this strictly required for conveyancing in Corsham

Unless a previous purchase of the premises took place after 12 October 2013 you could expect solicitors conducting conveyancing in Corsham to continue to recommend a chancel search and or chancel repair liability insurance.

Due to the guidance of my in-laws I had a survey completed on a property in Corsham in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies will refuse to give a mortgage on such a property.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Corsham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Corsham to see if the conveyancing will be more expensive.

My husband and I are 17 days into a leasehold purchase having been recommend to conveyancers by the estate agent to perform conveyancing in Corsham. I am am extremely dissatisfied with the quality of service. Could you you assist me in finding new conveyancers?

They would have to be very bad in order to consider replacing them. Has your mortgage offer been generated? In the event that it has you will need to make them aware of the replacement lawyer and have the loan are re-issued. Your conveyancer needs to be on the banks approved list to avoid supplemental costs and delays. That should be your first question of the new solicitors. Our find a solicitor tool will help you find a bank approved solicitor for your conveyancing in Corsham

I am employed by a reputable estate agency in Corsham where we see a few leasehold sales put at risk due to leases having less than 80 years remaining. I have received inconsistent advice from local Corsham conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can initiate the lease extension process for the buyer?

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 buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with 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.

Corsham Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying

Is the freehold reversion owned jointly by the tenants? Please tell me if there are any major works in the planning that could add a premium to the service charges? For most Corsham leaseholds the outlay for major works tend not to be wrapped into the service charges, albeit that some managing agents in Corsham ask leasehold owners to pay into a reserve fund created for the specific intention of establishing a fund for larger repairs or maintenance.