Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Faringdon so that I can attend their offices if necessary.

As opposed to ten years ago, almost all lenders no longer oblige their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to provide identification documents and there are still distinct advantages to choosing a local ayer, in your case a conveyancing solicitor in Faringdon.

Will commercial conveyancing searches reveal impending roadworks that could affect a commercial property in Faringdon?

Its becoming the norm that commercial conveyancing solicitors in Faringdon will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Faringdon. The search result sets out definitive information 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 Faringdon.

For each commercial conveyancing transaction in Faringdon it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Faringdon commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Faringdon.

I was recommended by a few selling agents in Faringdon to select a property lawyer using your seach tool. What’s the financial upside for Estate Agents to market your site over a competitor’s?

We refuse to give any commission for sending work our way. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.

My uncle has suggested that I instruct his conveyancers in Faringdon. Should I use them?

No doubt the ideal way to choose a conveyancing practitioner is to get recommendations from friends or relatives who have actually used the solicitor that you are contemplating using.

I've recently bought a leasehold property in Faringdon. Am I liable to pay service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Faringdon - A selection of Queries Prior to Purchasing

How many of the leaseholders are in arrears for their service charge payments? Where a Faringdon lease has less than eighty years it will impact the marketability of the property. It is worth checking with your bank that they are willing to lend given the lease term. A short lease means that you will almost definitely need a lease extension sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you will need to own the premises for 24 months in order to be eligible to extend the lease. Make sure you find out if there are any onerous restrictions in the lease. For example it is very common in Faringdon leases that pets are not permitted in in a block in Faringdon. If you like the flatin Faringdon yet your dog is not allowed to move with you then you have a very hard decision.