Should conveyancers request an advanced payment for my conveyancing in Luton?
If you are buying a property in Luton your lawyer will request that you to provide them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any down payment is as part of the total price then this will be required shortly ahead of exchange of contracts. Any further balance that is needed will be payable a couple of days prior to the day of completion.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would prefer to appoint a Luton based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel conveyancers if you want the "fee-free" deal. Contact the lender to see if they make available a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Luton.
I have todaydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in Luton for a purchase of a leasehold flat 18 months ago. How can I check that my home is not still registered in the name of the previous owner?
The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Luton conveyancing specialists.
How does conveyancing in Luton differ for new build properties?
Most buyers of new build premises in Luton contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Luton usually purchase the real estate, 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 Luton or who has acted in the same development.
What does commercial conveyancing in Luton cover?
Commercial conveyancing in Luton covers a broad range of guidance, provided by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.