Is there a reason why leasehold purchase conveyancing in Stow on the Wold costs more?
Stow on the Wold leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am close to exchanging contracts on the sale of our house in Stow on the Wold and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Stow on the Wold conveyancer would know this is not the case. For the life of me I don't know why the buyers are using an online conveyancing firm rather than a conveyancing solicitor in Stow on the Wold. Having lived in Stow on the Wold for six years we know that this is a non issue. Should we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Are there restrictive covenants that are commonly picked up as part of conveyancing in Stow on the Wold?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Stow on the Wold. 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…’
How does conveyancing in Stow on the Wold differ for new build properties?
Most buyers of new build property in Stow on the Wold contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Stow on the Wold usually acquire the real estate, 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 used to new build conveyancing in Stow on the Wold or who has acted in the same development.
My husband and I are novice buyers - agreed a price, yet the selling agent advised that the vendor will only proceed if we appoint the agent's recommended solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Stow on the Wold
We suspect that the seller is unaware of this requirement. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is likely to cause more damage than good. Speak to the vendors direct and make sure they understand (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you will continue to use your preferred Stow on the Wold conveyancing lawyers - as opposed tothose that will earn the negotiator at the agency a introducer fee or achieve conveyancing figures set by head office.