We hope to to buy with Loughborough BS. I went into a few high street firms yet cant to find a Ludlow conveyancing firm on the Loughborough BS panel. Please you help?
Feel free to take advantage of the search tool on this page. Pick the mortgage company and type Ludlow or your preferred area and you will be presented with numerous solicitors based in Ludlow or by proximity to you.
I am downsizing from our house in Ludlow and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Ludlow lawyer would know that there is no such problem. It does beg the question why the buyers are using a factory type conveyancing practice as opposed to a conveyancing solicitor in Ludlow. Having lived in Ludlow for 4 years we know of no issue. Should we get in touch with our local Authority to seek confirmation need.
It would appear that you have a conveyancing lawyer already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Ludlow differ for new build properties?
Most buyers of new build property in Ludlow come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Ludlow 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 Ludlow or who has acted in the same development.
I am looking for a flat up to £235,500 and identified one near me in Ludlow I like with a park and railway links nearby, however it's only got 49 years on the lease. There is not much else in Ludlow for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
In surfing the web for the words on line conveyancing in Ludlow it reveals numerous solicitorslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The best way of seeking a suitable conveyancer is through a personal recommendation, so seek the guidance of colleagues and relatives who have bought a property in Ludlow or the reputable estate agent or financial adviser. Costs for conveyancing in Ludlow differ, so it's a good idea to request a minimum of four fee calculations from varying types of solicitors. Dont forget to clarify what costs in the quote includes.