Forgive me if this question is silly but I am new to the home buying as FTB of a two bedroom flat in Dursley. Do I pick up the keys to the premises on completion from my lawyer? If this is the case, I will instruct a local conveyancing solicitor in Dursley?
On the day of completion you will not be required to attend the conveyancers office in Dursley. Your solicitors will transfer the purchase money to the vendor’s solicitors, and once they have received this, you will be able to collect the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
We are buying a victorian detached house in Dursley. Our aim is to carry out an extension to the side at the property.Will legal conveyancing on the property include checks to determine if these works were previously refused?
Your conveyancer will check the registered title as conveyancing in Dursley will sometimes identify restrictions in the title documents which prevent categories of alterations or necessitated the consent of another owner. Many additions call for local authority planning consent and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
I have decided to exercise my right to buy my property in Dursley off the council. I have a mortgage offer with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
How does conveyancing in Dursley differ for newly converted properties?
Most buyers of new build residence in Dursley approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Dursley tend to acquire 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 Dursley or who has acted in the same development.
I am looking for a ground for flat up to £245,000 and found one round the corner in Dursley I like with amenity areas and railway links nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in Dursley in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you can 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 term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
How do I locate a Dursley law firm on the Barclays Direct conveyancing panel? I drive a motor bike and am happy to travel upto 10miles to meet the lawyer.
Feel free to make use of the facility on this website. Please select a lender and your location and you will see a number of Dursley conveyancing lawyers locally. We have detailed some Dursley conveyancing firms at the bottom of this page and you can telephone them to check whether they are on the Barclays Direct member panel
We expect to complete the disposal of our £200,000 flat in Dursley next Tuesday. The management company has quoted £396 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Dursley?
For most leasehold sales in Dursley conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Addressing pre-exchange enquiries
Where consent is required before sale in Dursley
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Dursley - Sample of Queries before Purchasing
Does the lease have onerous restrictions? If a Dursley lease has no more than 80 years it will affect the salability of the property. It is worth checking with your bank that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this would cost. For most Dursleylease extensions you will need to own the residence for a couple of years before you are eligible to exercise a lease extension. It would be a good idea to investigate if there are any onerous restrictions in the lease. By way of example it is very common in Dursley leases that pets are not permitted in in a block in Dursley. If you like the propertyin Dursley however your cat can’t live with you then you will be faced difficult compromise.