My wife and I are buying a property in Fairbourne. It might be a silly question but how we can trust a solicitor? On completion day we have to send money into their account. What protection do we have from them run away with our money?

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.

I am helping my sister sell her property in Fairbourne. Will the conveyancer commission an energy assessment or should I organise this?

After the abolition of HIPs, energy performance certificates was retained a required part of moving property. An EPC needs to be to hand before the property is marketed. This is not as aspect of the sale process that conveyancers ordinarily organise. Where you are using a Fairbourne conveyancing practitioner they may be able to arrange energy assessments given their relationships with long established Fairbourne assessors

My wife and I have arranged a further advance on our mortgage from TSB as we wish to conduct a loft conversion to our property in Fairbourne. Do we need to choose a high street Fairbourne solicitor on the TSB conveyancing panel to handle the legals?

TSB would not normally appoint firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB panel.

It has been four months following my purchase conveyancing in Fairbourne took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Just had an offer accepted on a new build flat in Fairbourne. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Fairbourne

If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

I am on look out for some leasehold conveyancing in Fairbourne. Before I set the wheels in motion I would like to find out the unexpired term of the lease.

Assuming the lease is recorded at the land registry - and 99.9% are in Fairbourne - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Fairbourne Leasehold Conveyancing - Sample of Queries Prior to buying

Is the freehold reversion owned collectively by the tenants? How much is the ground rent and service charge? Does the lease contain onerous restrictions?

Why do I have to supply my conveyancing practitioner with numerous items of ID before they can commence with selling or buying a property in Fairbourne?

Fairbourne property lawyers are required by the Law Society, Solicitors Regulation Authority, HM Land Registry and current AML legislation to certify that the have checked the identity of their clients. It is also sometimes a condition of your bank if you are obtaining a mortgage. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, national insurance number and date of birth.