Me and my partner are due to exchange on the purchase of a property in Upton Upon Severn but as a result of damage from the recent storms I have was able negotiate recompense from the owner in the sum of three thousand pounds taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process but HSBC will not permit this. Should they have been notified?
Your conveyancing practitioner that is on the HSBC conveyancing panel is required to advise HSBC of any changes to the sale price. If you were to refuse your conveyancer to notify the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new property lawyer for your conveyancing in Upton Upon Severn.
When will exchange of contracts happen for sale conveyancing in Upton Upon Severn and am I required to attend the solicitors office?
If you are in close proximity to one of the conveyancing solicitors in Upton Upon Severn you are welcome to attend to sign the paperwork. However, the law practices we recommend provide a countrywide conveyancing service and give as equally diligent and professional a job for you when dealing with you digitally. The signing of the contract is not when everything is set in stone. A signed contract simply enables the firm to address the formalities at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Upton Upon Severn)to be in the office available at the end of the phone to exchange contracts.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Upton Upon Severn?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Upton Upon Severn. 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've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Upton Upon Severn is the location of the property. Is there any advice you can impart?
Flying freeholds in Upton Upon Severn are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Upton Upon Severn you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Upton Upon Severn 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.
What advice can you give us when it comes to finding a Upton Upon Severn conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Upton Upon Severn conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Upton Upon Severn conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
What volume of lease extensions has the firm carried out in Upton Upon Severn in the last year? If they are not ALEP accredited then what is the reason?
Leasehold Conveyancing in Upton Upon Severn - A selection of Queries Prior to buying
How is the lease structured? This question is helpful as a) areas may cause problems in the building as the common areas may begin to deteriorate if repairs are not paid for b) if the tenants have a dispute with the managing agents you will want to have complete disclosure Does the lease include onerous restrictions?