Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a property in Ludgershall?
Unless a previous purchase of the property took place post 12 October 2013 you may assume that lawyers handling conveyancing in Ludgershall to remain recommending a chancel search and or insurance against a claim.
I have a semi-detached Edwardian property in Ludgershall. Conveyancing lawyer acted for me and Nationwide Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ludgershall and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing practitioner who carried out the work.
How does conveyancing in Ludgershall differ for newly converted properties?
Most buyers of new build premises in Ludgershall come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is constructed. This is because developers in Ludgershall typically 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 used to new build conveyancing in Ludgershall or who has acted in the same development.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Ludgershall. I happened to land on a site which appears to be the ideal offering If it is possible to get all formalities completed via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What happens where there is a problem with the searches carried out as part of my conveyancing in Ludgershall?
Usually, almost all adverse entries arising from Ludgershall conveyancing search results can be addressed before completion or indemnity insurance may be taken. You should note that regardless of the fact that you may be buying the premises and might be willing to live with the search results, your lender may not, and when all said and done have the final decision.