What is the first thing I need to know concerning purchase conveyancing in Fenstanton?
You may not hear this from too many lawyers but conveyancing in Fenstanton or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there is lots of opportunity for friction between you and others involved in the legal transfer of property. E.g., the vendor, property agent and even potentially a mortgage company. Choosing a law firm for your conveyancing in Fenstanton an important selection as your conveyancer is your adviser, and is the SOLE party in the legal process whose role it is to protect your legal interests and to keep you safe.
There is a distinct creep of a "blame" culture- someone has to be at fault for the process taking so long. You must always trust your solicitor ahead of the other players in the conveyancing process.
My relative suggested that where I am buying in Fenstanton I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Fenstanton conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Fenstanton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Fenstanton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Fenstanton.
Me and my brother purchased a renovated Georgian house in Fenstanton. Conveyancing solicitor acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Fenstanton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing lawyer who completed the work.
I have been on the look out for a flat up to £305k and identified one near me in Fenstanton I like with amenity areas and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Fenstanton in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
We had our mortgage agreed in principle on Tuesday with our lender. We have retained a high street conveyancer in Fenstanton last week. Today, our mortgage adviser contacted us saying that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the mortgage company had some control over our choice Is this allowed?
You are at liberty to use any lawyer you want to choose including the said conveyancer in Fenstanton however if your bank aren't happy with them you will have to fork out additional cost so the bank can retain their own conveyancer too. On occasion it is conceivable that your solicitor may apply to get included on to the lender panel. You can use internet tools such as lenderpanel.com to find a conveyancing solcitor in Fenstanton on the mortgage company panel. You can go into your high street bank branch in Fenstanton. They can recommend conveyancing solicitors in Fenstanton on the bank panel.