Please explain the implications if my lawyer’s firm is removed from the Nationwide Conveyancing panel ahead of completing my conveyancing in Horsford?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
The deeds to my house can not be found. The conveyancers who did the conveyancing in Horsford 10 years ago have long since closed. What are my next steps?
You no longer need to have the physical official documentation to prove you own the land or premises, given that the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Horsford differ for newly converted properties?
Most buyers of new build or newly converted property in Horsford approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Horsford usually purchase the land, 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 accustomed to new build conveyancing in Horsford or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Horsford ahead of retaining conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some lenders may refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Horsford. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Horsford cover?
Non domestic conveyancing in Horsford incorporates a broad array of guidance, given by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.