Have just purchased a repossessed house at auction in Princes Risborough. Conveyancing is necessary. What is next?

Now that you have legally bound yourself to purchase you should find a conveyancing solicitor soon as you now have a pending a fixed date to complete the property. An auction property will ordinarily have an associated auction set of papers. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You need to give this to your appointed conveyancing solicitor ASAP. Do make sure that that you have the requisite funding in place to complete the transaction on the set completion date.

This question may be naive but I am new to the home moving as a first time buyer of a garden flat in Princes Risborough. Do I pick up the keys to the house on the completion date from my conveyancer? If this is the case, I will use a local conveyancing solicitor in Princes Risborough?

There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you should be called to receive the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.

We are due to move home in August. Should my conveyancing solicitor update the removal company on the completion day. On a separate note, can you recommend a removal company in Princes Risborough. Conveyancing firm was chosen prior to coming across your page.

On the afternoon of completion you can pick up the keys from your estate agent however this should only take place once the previous owners lawyers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you can advise the removal company that you are ready to move in. As a matter of policy we do not recommend a particular removal company but can assist you in locating a conveyancing in Princes Risborough or a solicitor that specialises in conveyancing in Princes Risborough.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Princes Risborough?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Princes Risborough. 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…’

Due to the guidance of my in-laws I had a survey completed on a property in Princes Risborough prior to retaining lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend refuse to grant a loan on a flying freehold property.

It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Princes Risborough. Conveyancing may be slightly more expensive based on your lender's requirements.

In sourcing the web for the term cheap conveyancing in Princes Risborough it reveals many solicitorsin the vicinity. How do I determine which is the suitable property lawyer for purchase transaction?

The best method of seeking the right conveyancer is through a personal testimonial, so enquire of friends and those you trust who have acquired a property in Princes Risborough or the reputable estate agent or financial adviser. Fees for conveyancing in Princes Risborough differ, so it's sensible to obtain a minimum of three fee calculations from varying types of law firms. Be sure to obtain confirmation what costs in the quote includes.

What are your top tips when it comes to choosing a Princes Risborough conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a property lawyer for lease extension works (regardless if they are a Princes Risborough conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Princes Risborough conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:

How experienced is the firm with lease extension legislation? What volume of lease extensions have they completed in Princes Risborough in the last 12 months?

Princes Risborough Leasehold Conveyancing - A selection of Queries Prior to buying

The answer will be important as a) areas may result in problems for the building as the communal areas may start to deteriorate if repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will need to have full disclosure Does the lease have more than 80 years unexpired? Most Princes Risborough leasehold flats will incur a service charge for the upkeep of the building levied on behalf of the landlord. If you acquire the flat you will have to meet this liability, usually periodically during the year. This could be anything from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a rentcharge to be met annual, this is usually not a large amount, say about £50-£100 but you need to enquire it because on occasion it can be many hundreds of pounds.