Are there restrictive covenants that are commonly picked up during conveyancing in Horncastle?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Horncastle. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Horncastle differ for new build properties?
Most buyers of new build property in Horncastle contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Horncastle usually buy 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 Horncastle or who has acted in the same development.
I am looking for a ground for flat up to £305k and found one round the corner in Horncastle I like with a park and transport links nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Horncastle suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I was pointed in your direction by a number of estate agents in Horncastle to find a property lawyer using your seach tool. What’s the financial inducement for Estate Agents to promote your site rather than another?
We don’t make any financial incentive for directing people to this site. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
In sourcing the web for the words on line conveyancing in Horncastle it brings up many conveyancersin the vicinity. How do I determine which is the right conveyancing solicitor for me?
The best way of choosing the right conveyancer is through a personal referral, so enquire of colleagues and family who have bought a property in Horncastle or a respected estate agent or financial adviser. Charges for conveyancing in Horncastle differ, so it's sensible to request a minimum of three fee estimates from different companies. Make sure that you know that the charges are guaranteed not to increase.