As a FTB what is the most important advice you can give me regarding purchase conveyancing in Upper Tean?
You may not hear this from too many lawyers but conveyancing in Upper Tean and elsewhere in Staffordshire is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of room for confrontation between you and others involved in the transaction. For instance, the seller, estate agent and sometimes the lender. Selecting a law firm for your conveyancing in Upper Tean is a critical decision as your conveyancer is your adviser, and is the ONLY party in the legal process whose interest is to act in your best interests and to protect you.
Sometimes a third party with a vested interest will try and convince you that it is in your interests to do things their way. As an example, the selling agent may claim to be assisting by claiming that your conveyancer is slow. Or your mortgage broker may advise you to do take action that is against your solicitors advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
The estate agent has sent us the confirmation of our purchase of a new build flat in Upper Tean. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Upper Tean
Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Upper Tean is where the house is located. What do you suggest?
Flying freeholds in Upper Tean are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Upper Tean you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Upper Tean may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
We're first time buyers - agreed a price, but the selling agent told us that the owners will only proceed if we appoint their recommended solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer with experience of conveyancing in Upper Tean
It is highly unlikely the owners are behind this. Should the seller desire ‘a quick sale', alienating a motivated purchaser is counter productive. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to progress, with finances in place © you are chain free (d) you wish to move quickly (e)but you are going to appoint your preferred Upper Tean conveyancing solicitors - rather thanthose that will earn their estate agent a kickback or achieve conveyancing thresholds pre-set by HQ.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.