If you had a top tip for choosing a conveyancing solicitor in Towcester what would it be?
We would encourage you not to go for the lowest Towcester conveyancing fees. You really do get what you’re paying 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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Towcester
There are many recorded licenced Conveyancers in Towcester and Solicitor partnerships in Towcester who provide Conveyancing services We would stress that both are supervised by regulatory bodies with both specialising in the legal work in transferring property. The two can deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
How can we know in advance if a Towcester conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Towcester getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor handling your conveyancing.
My wife and I purchased a 4 bedroom Georgian property in Towcester. Conveyancing lawyer represented me and Aldermore. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Towcester and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing lawyer who conducted the purchase.
How does conveyancing in Towcester differ for new build properties?
Most buyers of new build premises in Towcester come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Towcester usually purchase 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 Towcester or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Towcester I like with a park and transport links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Towcester for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
The property lawyers conducting our conveyancing in Towcester has forwarded documents to review that state the land is unregistered with epitome documents. Why is the property not yet recorded at HMLR?
It is unusual for premises in Towcester not to be registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Towcester conveyancing solicitors will be familiar with this type of conveyancing but where uncertainty reigns the usual guidance nowadays is for the seller’s conveyancer to deal with the registration formalities first and subsequently deal with the transfer to the buyer - this will have a knock on effect to result in a drawn-out conveyancing.