Me and my partner are purchasing a flat in Crabtree. It might be a silly question but how we can trust a conveyancer? At some point we have to deposit money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Crabtree solicitor practices on the Virgin Money conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Virgin Money conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. The majority of banks do list licenced conveyancers on their panel and in that case the organisation would be regulated by the Council of Licensed Conveyancers.
I'm in the process of viewing houses in Crabtree and I am now considering a potential offer. Is it advisable to have a conveyancer on ‘stand by’? I intend to finance via a mortgage with Co-operative.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are getting a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
I require fast conveyancing in Crabtree as I have a deadline to sign on the dotted line inside 3 weeks. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at free not to do searches although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Crabtree the following are instances of what can be revealed and therefore impact future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly picked up during conveyancing in Crabtree?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Crabtree. 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 have been on the look out for a flat up to £305k and found one close by in Crabtree I like with amenity areas and transport links in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Crabtree suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may ask them to 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 lawyer concerning this.
What does commercial conveyancing in Crabtree cover?
Crabtree conveyancing for business premises incorporates a broad range of guidance, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.