My partner and I are purchasing our first home. Our solicitor has e-mailedto ask if we want to take out additional conveyancing searches. Unfortunately we in the dark as to what's appropriate for conveyancing in Old Town
The type of Old Town conveyancing searches should be dictated entirely on the property, the location, the possibility of any of these risks, your familiarity of the locality and risks, your general attitude to risk. What is important is that you adequately appreciate what information the searches could supply. You may then decide if you personally think you need that search. Should you be uncertain, ask your solicitor to advise.
Can your site be used to find a Conveyancing solicitor in Old Town even if I’m not purchasing or disposing of a house, for example where I wish to buy an office in Old Town with a mortgage from Godiva Mortgages Ltd?
Our search tool is predominantly there to find residential conveyancing solicitors in Old Town but we have listed towards the end of this page some Old Town commercial conveyancing firms. You should make contact with the firm directly to establish if they are also authorised to represent Godiva Mortgages Ltd
What does a local search reveal regarding the property I am purchasing in Old Town?
Old Town conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search is essential in every Old Town conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
How does conveyancing in Old Town differ for newly converted properties?
Most buyers of new build premises in Old Town contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Old Town usually acquire the real estate, 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 property lawyers 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 used to new build conveyancing in Old Town or who has acted in the same development.
I opted to have a survey completed on a property in Old Town in advance of retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders will refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you contact us we can investigate further via the relevant lender. 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 will be smoother if you use a solicitor in Old Town especially if they are accustomed to such properties in Old Town.