Why do I have to pay up front for conveyancing in Loddon?
Where you are retaining lawyers for conveyancing in Loddon your solicitor will request that you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the sale price then this should be required immediately before contracts are exchanged. The closing balance that is needed should be transferred a few days prior to the day of completion.
I own a renovated Georgian property in Loddon. Conveyancing practitioner represented me and Britannia. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Loddon and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing solicitor who conducted the purchase.
I opted to have a survey done on a property in Loddon before retaining solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders tend refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Loddon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Loddon to see if the conveyancing costs will increase in light of this.
Should I be suspicious about brokers that I am dealing with are suggesting a factory type conveyancing firm as opposed to a High Street Loddon conveyancing practice?
As is the case with lots of service providers, often input from family and friends can be worth their weight in gold. Yet there are lots of people with a vested interest in a conveyancing matter; estate agents, financial adviser and banks may suggest conveyancers to select. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a commercial relationship behind the recommendation. You have the discretion to select your preferred lawyer. Don't forget that most lenders specify a panel list of law firms you are obliged to use for the mortgage aspect of your house move.
At what point do I incur stamp duty due for my conveyancing in Loddon?
The majority of conveyancers tend to fill out a Land Transaction Return Form on your behalf during your Loddon purchase transaction for you to sign. After completion your conveyancer will submit the STL Return Form to the Inland Revenue and - assuming they have the money - discharge any tax bill payable for you.