I am mortgaging my house in Nailsea, does my lawyer have to be on the TSB Conveyancing panel?
In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Are there restrictive covenants that are commonly picked up during conveyancing in Nailsea?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Nailsea. 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 Nailsea differ for newly converted properties?
Most buyers of new build property in Nailsea approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Nailsea usually acquire the site, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Nailsea or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and identified one near me in Nailsea I like with a park and transport links in the vicinity, however it only has 49 years on the lease. There is not much else in Nailsea for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan that many years will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
Taking into account that I am about to part with hundreds of thousands of pounds on a property in Nailsea I would like to talk to a lawyer concerning thehouse move prior to appointing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer who will be conducting your property ownership legalities in Nailsea.There is no ‘factory style conveyancing’ - each client is unique individual, not a matter number. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Nailsea should be the figure that you end up paying.