Why do I have to pay up front when it comes to conveyancing in Seahouses?
Where you are retaining lawyers for conveyancing in Seahouses your solicitor will ask you place them with funds to cover the search fees. Normally this is requested to cover the fees of the conveyancing searches. If any down payment is payable against the total price then this will be asked for immediately ahead of contracts are exchanged. Any further balance that is due will be payable shortly before completion.
Do the Building Society Association intend to launch a search tool with a view to to identify solicitors on the Norwich and Peterborough Building Society conveyancing panel for instance in Seahouses?
We would not expect to be advised of any intention on the part of the BSA to develop such a search facility.
I have been told that property searches are the main reason for obstruction in Seahouses conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Seahouses.
Are there restrictive covenants that are commonly identified during conveyancing in Seahouses?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Seahouses. 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…’
I decided to have a survey completed on a house in Seahouses prior to instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some banks may refuse to grant a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Seahouses. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Seahouses to see if the conveyancing will be more expensive.