My fiancee and I are acquiring our first home. The solicitor has messagedto enquire if we wish to take out additional conveyancing searches. We are really unsure what's necessary for conveyancing in Guiseley
The scope of Guiseley conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your familiarity of the locality and risks, your general appetite to risk. What is important is that you properly understand what information the searches could give you. You may then decide if you personally think you need that information. If unclear, ask the solicitor to explain.
I own a freehold premises in Guiseley but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Guiseley and has limited impact for conveyancing in Guiseley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
How does conveyancing in Guiseley differ for new build properties?
Most buyers of new build property in Guiseley contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Guiseley typically 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 conveyancers 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 used to new build conveyancing in Guiseley or who has acted in the same development.
I'm converting the mortgage on my primary home to a BTL loan with Clydesdale and intend to use the remaining equity as a deposit on another house. The area we are interested in is Guiseley. Will your solicitors be able to act for both sets of banks and link together the two deals?
Make use of our search tool on this site to ensure that the solicitors are approved by both lenders. Assuming that they are the conveyancer should be able to simultaneously deal with the two transactions but you should talk with you conveyancer and make apparent your desired outcome and needs.
I need to instruct a conveyancing practitioner in Guiseley for my house move. Can I check a solicitor's record with the legal regulator?
Anyone may search for published Solicitor Regulator Association (SRA) decisions arising from investigations started on or after 1 January 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator could monitor call for training purposes.