I am expecting a mortgage offer from Santander. I intend to instruct a Licensed Conveyancer in Par. Does the Santander Conveyancing panel allow for Licensed Conveyancers?

The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

Why do I have to pay up front for my conveyancing in Par?

If you are buying a property in Par your lawyer will ask you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the purchase price then this will be asked for shortly prior to exchange of contracts. The closing balance that is due should be transferred a few days ahead of the completion date.

How does conveyancing in Par differ for newly converted properties?

Most buyers of new build premises in Par approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Par tend to purchase the site, 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 Par or who has acted in the same development.

My uncle has recommend that I appoint his lawyers for conveyancing in Par. Do I take his advice?

No doubt the ideal way to choose a conveyancing solicitor is to seek referrals from friends or relatives who have experience in using the solicitor you're are thinking of instructing.

I am tempted by the attractive purchase price for a couple of flats in Par which have about 50 years unexpired on the leases. should I be concerned?

A lease is a right to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease deteriorates and results in it becoming more expensive to acquire a lease extension. This is why it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this arena.

Par Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing

This question is important as a) areas could cause problems in the block as the common areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have a dispute with the managing agents you will wish to have full disclosure How many of the leaseholders are in arrears for their service charge payments? It would be wise to investigate if there are any onerous restrictions in the lease. By way of example plenty of leases prohibit pets being allowed in certain buildings in Par. If you love the apartmentin Par however your dog is not allowed to make the move with you then you will be presented with a difficult compromise.