What can a local search tell me regarding the house we're purchasing in Hagley?
Hagley conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search plays a central part in most Hagley conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
How does conveyancing in Hagley differ for new build properties?
Most buyers of new build or newly converted property in Hagley contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Hagley tend to acquire the site, 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 conveyancing solicitors 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 Hagley or who has acted in the same development.
I am looking for a flat up to £195,000 and identified one close by in Hagley I like with amenity areas and railway links nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Hagley suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I was recommended by a number of selling agents in Hagley to get a quote from a conveyancer on your site. Is there a financial inducement for Estate Agents to promote your services over a competitor’s?
We don’t give any commission for directing people our way. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My partner has encouraged me to appoint his conveyancers in Hagley. Should I use them?
No doubt the best way to find a conveyancing solicitor is to seek guidance from friends or relatives who have experience in using the solicitor that you are contemplating using.