Will lawyers ask for an advanced payment for my conveyancing in Turvey?
If you are buying a property in Turvey your solicitor will request that you put them with funds to cover the the cost of the conveyancing searches. Ordinarily this is asked for to cover the fees of the conveyancing searches. If any deposit is payable against the sale price then this should be asked for immediately ahead of exchange of contracts. The final balance that is due should be transferred shortly before completion.
What is your number one tip for finding a conveyancing solicitor in Turvey
Do not opt for the lowest Turvey conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
A colleague advised me that in purchasing a property in Turvey there may be a number of restrictions preventing external changes to the property. Is this right?
There are anumerous of properties in Turvey which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Turvey should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We expect to receive a OIP from Santander this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Santander recommend any Turvey solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Turvey solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
I have recentlyfound out that Arc property Solicitors have been shut down. They conducted my conveyancing in Turvey for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The quickest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Turvey conveyancing specialists.
How does conveyancing in Turvey differ for new build properties?
Most buyers of new build premises in Turvey come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is built. This is because developers in Turvey typically buy the land, 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 accustomed to new build conveyancing in Turvey or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and identified one round the corner in Turvey I like with a park and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Turvey for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.