Can you explain why leasehold purchase conveyancing in Nafferton costs more?
Nafferton leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am in the process of refinancing my home in Nafferton, does my lawyer have to be on the Clydesdale Solicitor panel?
In theory, you could use a solicitor that is not on the Clydesdale conveyancing panel, but Clydesdale would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I have been told that property searches are a common cause of obstruction in Nafferton house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Nafferton.
Are there restrictive covenants that are commonly picked up during conveyancing in Nafferton?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Nafferton. 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 Nafferton differ for new build properties?
Most buyers of new build premises in Nafferton come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Nafferton usually acquire 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 Nafferton or who has acted in the same development.