Me and my husband are buying property in Edgbaston. My property lawyer has never been on on the lender conveyancing list. Am I still permitted to appoint my Edgbaston conveyancing solicitor even though they are excluded from the mortgage company panel?
You will need to instruct a conveyancer to deal with the formalities when you take out a mortgage to purchase your property. They will conduct all the necessary due diligence on the property, make sure that you will be registered as proprietor and ensure that all the necessary mortgage paperwork is dealt with. One could appoint a Edgbaston solicitor of your choosing. However, if the solicitor appointed is not a member of the mortgage company approved list further costs will arise as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so provided your lawyer has not historically applied for membership they should do so.
It is 10 years ago since I purchased my home in Edgbaston. Conveyancing solicitors have just been instructed on the sale but I am unable to locate my title deeds. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be kept by your lender or they could be archived with the lawyers who oversaw your purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Most conveyancing in Edgbaston involves registered property but in the unlikely event that your home is unregistered it is more tricky but is not insurmountable.
Do commercial conveyancing searches reveal planned roadworks that could affect a commercial property in Edgbaston?
Its becoming the norm that commercial conveyancing solicitors in Edgbaston will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Edgbaston. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Edgbaston.
For each commercial conveyancing transaction in Edgbaston it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Edgbaston commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Edgbaston.
How does conveyancing in Edgbaston differ for newly converted properties?
Most buyers of new build property in Edgbaston contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Edgbaston 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 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 accustomed to new build conveyancing in Edgbaston or who has acted in the same development.
I am a sole trader hoping to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering fixed costs for commercial conveyancing in Edgbaston for less than 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Edgbaston, including the sale and purchase of businesses as well as simply property. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right lawyer. Regarding the fees this will depend on the structure and heads of terms of the proposed transaction. Let us have your details or telephone us so that we can supply you with a detailed commercial conveyancing quote.