Can the conveyancing practitioners that you recommend handle right to buy conveyancing in Southwater?

We work with a variety of conveyancing firms carrying out right to buy conveyancing matters You should contact the solicitors listed to secure a costs illustration.

Do lawyers request money on account for conveyancing in Southwater?

Where you are retaining lawyers for conveyancing in Southwater your solicitor will request that you to provide them with funds to cover the search fees. Ordinarily this is asked for to cover the fees of the conveyancing searches. When the deposit is payable against the total price then this should be needed shortly before exchange of contracts. The final balance that is needed should be sent to your lawyer a couple of days ahead of the completion date.

How does conveyancing in Southwater differ for newly converted properties?

Most buyers of new build residence in Southwater contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Southwater usually purchase 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 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 Southwater or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Southwater is where the house is located. What do you suggest?

Flying freeholds in Southwater are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Southwater you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southwater may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Southwater. Conveyancing advisers have not yet been instructed. Will they explain the issues?

The majority of houses in Southwater are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Southwater in which case you should be shopping around for a Southwater conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the communal areas where the house is part of an estate. Your lawyer will report to you on the legal implications.

Southwater Leasehold Conveyancing - A selection of Queries Prior to Purchasing

How many years remain on the lease? Make sure you investigate if there is anything that is prohibited in the lease. For instance it is very common in Southwater leases that pets are not allowed in in a block in Southwater. If you love the flatin Southwater however your cat is not allowed to live with you then you will be faced hard compromise. The answer will be helpful as a) areas may result in problems in the building as the common areas may start to deteriorate where repairs are not paid for b) if the leaseholders have a dispute with the managing agents you will want to have all the details