What is the first thing I need to know concerning purchase conveyancing in Northfield?
Not many law firms or advisers will tell you this but conveyancing in Northfield and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is lots of room for confrontation between you and other parties involved in the ownership transfer. E.g., the vendor, property agent and even potentially your mortgage company. Selecting a law firm for your conveyancing in Northfield an important selection as your conveyancer is your adviser, and is the ONE person in the transaction whose role it is to look after your legal interests and to keep you safe.
There is a worrying creep in the "blame" culture- someone has to be at fault for the process taking so long. You should always trust your conveyancer ahead of the other players in the home moving process.
Should commercial conveyancing searches disclose impending roadworks that may impact a commercial site in Northfield?
Many commercial conveyancing solicitors in Northfield will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Northfield. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Northfield.
For every commercial conveyancing transaction in Northfield it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Northfield commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Northfield.
How does conveyancing in Northfield differ for new build properties?
Most buyers of new build premises in Northfield contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Northfield usually buy 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 Northfield or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, chain free conveyancing. Northfield is where the house is located. Is there any advice you can give?
Flying freeholds in Northfield are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Northfield you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Northfield may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Why is it not possible to complete our conveyancing in Northfield on May bank holiday?
This is due to the fact that on completion the purchase price needs to pass between the banks of the purchaser and seller's conveyancer and currently this can only take place on a business day. So you can't complete on a saturday or sunday either.