I am acquiring a property without a mortgage in Radford. I have been living for the previous 20 years in Radford. Conveyancing searches are expensive. Given that I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Radford conveyancing searches are non-obligatory. Your conveyancer will try and steer you, perhaps strongly, that you should have searches completed, but she is duty bound to take that path of encouragement . Do take into account; if you are intend to sell the house one day, it will likely be be of interest to your future buyer what the searches determine. There are plenty of instances where premises with no practical issues can still reveal unexpected search results. A competent conveyancing solicitor in Radford will be able to give you some practical advice concerning this.
I own a freehold premises in Radford but nevertheless pay rent, why is this and what is this?
It is rare for properties in Radford and has limited impact for conveyancing in Radford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
How does conveyancing in Radford differ for newly converted properties?
Most buyers of new build residence in Radford contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Radford usually buy 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 property lawyers 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 accustomed to new build conveyancing in Radford or who has acted in the same development.
I am looking into buying my first house which is in Radford and I am already nervous. I couldn't find anything specific about Radford. Conveyancing will be needed in due course but do you know about the Radford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Radford. In the meantime here are some basic statistics that we found
Is it possible for you to refer me to a conveyancing practitioner for conveyancing in Radford (or nearby)? This is for purchase only.My wife and I had one chosen but just discovered that are not on the panel for Barclays.
The purpose of this site is restricted to being a directory service for conveyancers who wish to be listed as being on the approved conveyancing panel for Barclays in certain areas such as Radford . We dont recommend any specific conveyancer.