Why do I have to pay up front when it comes to conveyancing in Stokenchurch?

If you are buying a property in Stokenchurch your solicitor will ask you place them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is payable against the total price then this will be asked for immediately in advance of contracts are exchanged. The closing balance that is due should be transferred shortly before completion.

Will our conveyancer be raising enquiries regarding flooding as part of the conveyancing in Stokenchurch.

The risk of flooding is if increasing concern for solicitors dealing with homes in Stokenchurch. Plenty of people will acquire a property in Stokenchurch, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.

Solicitors are not best placed to impart advice on flood risk, however there are a number of searches that can be carried out by the purchaser or by their solicitors which can give them a better understanding of the risks in Stokenchurch. The standard property information forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a usual question of the owner to determine if the premises has suffered from flooding. If the property has been flooded in past and is not revealed by the owner, then a buyer may commence a compensation claim as a result of such an inaccurate answer. A buyer’s solicitors may also carry out an enviro report. This should disclose whether there is any known flood risk. If so, more detailed inquiries will need to be made.

How does conveyancing in Stokenchurch differ for newly converted properties?

Most buyers of new build residence in Stokenchurch come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Stokenchurch tend to 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 conveyancers 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 Stokenchurch or who has acted in the same development.

I have been on the look out for a ground for flat up to £235,500 and identified one close by in Stokenchurch I like with a park and transport links nearby, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Stokenchurch suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a home loan that many years will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.

In my capacity as executor for the will of my aunt I am selling a property in Neath but I am based in Stokenchurch. My lawyer (who is 250 miles awayrequires that I execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Stokenchurch who can attest this legal document for me?

strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Stokenchurch