I have been told that property searches are the main reason for hinderance in Fetcham conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Fetcham.
The estate agent has sent us the confirmation of our purchase of a new build flat in Fetcham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Fetcham
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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Fetcham is the location of the property. What do you suggest?
Flying freeholds in Fetcham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fetcham you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fetcham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Am I right to be concerned by estate agents that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a local Fetcham conveyancing firm?
As is the case with lots of service providers, often referrals from connections can be worth their weight in gold. Yet there are lots of players in a conveyancing matter; estate agents, financial adviser and banks may put forward conveyancers to retain. Sometimes these solicitors might be known to one of the organisations as one of the best in their field, but sometimes there exists a financial incentive behind the endorsement. You are free to appoint your own conveyancer. You need to be aware that the majority of lenders specify a panel list of lawyers you are obliged to use for the mortgage related work in your house move.
As co-executor for the estate of my uncle I am selling a house in Monmouth but I am based in Fetcham. My conveyancer (who is 235 miles awayhas requested that I execute a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Fetcham to attest and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Fetcham based