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Ready to buy a new home in Oughtibridge? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Oughtibridge home move at risk of delay or failure.

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Recently asked questions about conveyancing in Oughtibridge

I have recentlybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Oughtibridge for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?

The easiest method to see if the premises is in your name, 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 Oughtibridge conveyancing specialists.

How does conveyancing in Oughtibridge differ for newly converted properties?

Most buyers of new build premises in Oughtibridge contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because new home sellers in Oughtibridge usually buy 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 conveyancers 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 Oughtibridge or who has acted in the same development.

I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Oughtibridge is where the house is located. Is there any advice you can impart?

Flying freeholds in Oughtibridge are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Oughtibridge you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Oughtibridge 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 premises.

What does commercial conveyancing in Oughtibridge cover?

Commercial conveyancing in Oughtibridge covers a broad range of guidance, offered by regulated 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 commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

We're first time buyers - had an offer accepted, but the selling agent told us that the seller will only proceed if we use their recommended conveyancers as they need a ‘quick sale’. Our preferred option is to instruct a high street solicitor who is familiar with conveyancing in Oughtibridge

We suspect that the seller is unaware of this requirement. If they desire ‘a quick sale', alienating a genuine purchaser is counter productive. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are chain free (d) you intend to proceed fast (e)however you are going to use your own,trusted Oughtibridge conveyancing firm - not the ones that will give their negotiator at the agency a introducer fee or meet his conveyancing thresholds set by HQ.

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Find out more about how flying freehold can affect your the value of a property.