What is the first thing I need to know about purchase conveyancing in Parkstone?
Not many law firms or advisers will tell you this but conveyancing in Parkstone or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of room for confrontation between you and other parties involved in the ownership transfer. For instance, the seller, property agent and even potentially your mortgage company. Appointing a solicitor for your conveyancing in Parkstone should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to act in your best interests and to protect you.
There is a worrying ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. You should always trust your conveyancer ahead of the other parties when it comes to the legal assignment of property.
Do I have to pop into the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Parkstone so that I can pop in to their offices if necessary.
Whereas this was necessary ten years ago, most lenders no longer oblige their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to provide identification documents and there are still manifest advantages to using a locally based practitioner, in your situation a conveyancing solicitor in Parkstone.
This question may be naive but I am unseasoned as FTB of a garden flat in Parkstone. Do I receive the keys to the premises on completion from my conveyancer? If so, I will appoint a local conveyancing solicitor in Parkstone?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to pick up the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
I am aiming to move home in June. Should my conveyancing solicitor update the removal company on the day of completion. As an aside, can you recommend a removal company in Parkstone. Conveyancing lawyer was found prior to coming across your website.
On the afternoon of completion you will need to collect the house keys from the property agent but this can only take place after the sellers solicitors inform the agent that they have the completion monies and the keys can be released. You will need to tell the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal company but can help you choose a residential property solicitor in Parkstone or a firm that specialises in conveyancing in Parkstone.
is it true that all Parkstone solicitor firms on the RBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the RBS approved list of solicitors they would need to be governed by the SRA. Some banks do list licenced conveyancers on their panel in which case such firms would be regulated by the CLC.
Are there restrictive covenants that are commonly picked up during conveyancing in Parkstone?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Parkstone. 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…’
Last December I purchased a leasehold house in Parkstone. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Parkstone Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing
If a Parkstone lease has no more than eighty years it will affect the value of the flat. It is worth checking with your mortgage company that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out how much this would cost. For most Parkstonelease extensions you would need to own the premises for a couple of years in order to be legally able to extend the lease. You will want to discover as much as possible about the managing agents as they can either make living at the property much easier or uncomfortable. Being a leasehold owner you are frequently at the mercy of the managing agents from a financial perspective and when it comes to day to day matters such as the tidiness of the common parts. Enquire of prospective neighbours whether they are happy with their service. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and specifically what you get for your money.