We are acquiring our first house. The lawyer has texted usto ask if we would like to take out extra conveyancing searches. We are really unsure what's needed for conveyancing in Old Town
The extent of Old Town conveyancing searches should be dictated primarily on the property, the location, the possibility of any of these risks, your knowledge of the region and risks, your general appetite to risk. What is important is that you adequately understand what information each search could give you. Then you can make a decision if you consider that you need that search. Should you be unclear, ask your conveyancer to explain.
Our bank has suggested solicitors on their panel based in Old Town but I would rather instruct a conveyancing lawyer in Old Town local to me. Can you assist?
The minority of Old Town conveyancing practitioners are listed all lender’s conveyancing panel. Use our search tool to identify a Old Town conveyancing firm on the on the bank panel.
Are there restrictive covenants that are commonly picked up during conveyancing in Old Town?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Old Town. 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 opted to have a survey done on a property in Old Town prior to instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will refuse to issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Old Town. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I appoint a Old Town conveyancing lawyer in close proximity to the house I am purchasing? An old friend can conduct the legal formalities but his firm is located a couple of hundredkilometers drive away.
The primary upside of using a high street Old Town conveyancing practice is that you can attend the office to sign documents, present your ID and apply pressure on them where appropriate. Having local Old Town know how is a bonus. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that should outweigh using an unknown Old Town conveyancing solicitor solely due to them being local.