Should we get a house survey for our property purchase?
Homeward Legal strongly advise that property purchasers book a property surveyor if buying in Broughton Astley. Buyers should be aware that there are a range of defects that will impact a property. These include cracks in walls, and these will not be addressed by your conveyancing solicitor.
What’s the difference between residential and commercial conveyancing?
In essence, there is very little difference between the tasks needed for residential conveyancing against commercial conveyancing. The real difference comes in the type of property and the purpose for which it is intended to be used.
The majority of residential transactions are freehold, whereas commercial transactions are almost exclusively leasehold, and commercial property conveyancing searches will tend to be more expensive because the structure and land will occupy a greater space on average than that for residential property.
When in the conveyancing process is it appropriate to speak to a solicitor?
The straightforward answer is, earlier is preferable. The legal work can then begin very early in the process. Promptly instructing a firm for your Broughton Astley transaction for a sale enables relevant information can be sourced sooner (this is particularly true for leasehold properties), whereas if you are buying your offer may be taken more seriously if you already have a solicitor instructed.
Should I get my short lease extended before selling?
Buyers are becoming increasingly wary of buying leaseholds with less than 90 years to run because, first, the cost of increasing a leasehold is becoming far more expensive, and, second, mortgage companies are becoming increasingly reticent to lend money to buy leases that have dropped below the 80-year mark (indeed, this will be one of the criteria that they set to ensure their investment is protected).
As a result, buyers will often insist that the leasehold be extended back up to the 99-year or 125-year typical thresholds before going ahead and buying it. So, as the current leaseholder, you will almost certainly be expected to do the legal work required to extend the lease to a level that buyers will be happy with.
Is cobalt frequently found to affect Broughton Astley soil?
Broughton Astley agriculture or industry can cause soil contamination. Environment search results will factor contaminants, including metals and others such as water contaminants such as sewage and herbicides.
If I’m putting my furniture and other things in storage, will the process take longer?
There shouldn’t be any reason why your move would take longer than a standard removal if you are pitting your belongings into storage. In fact, in some instances, it might be beneficial for the chain and your completion on the sale, since you are likely to incur fewer delays in the process because you can put your furniture and other things in storage before the event.
Whatever your plans, it’s worth mentioning them to your conveyancing solicitor so that they know the logistics on the day of completion, and may even be able to provide advice and pointers on what to consider before the day to ensure things move more smoothly.
Is it easy to sell a house without using an estate agent?
It’s relatively straightforward to sell your own home without involving an estate agent, although you should be warned that it’s a time-consuming process (which is why agents set a certain fee to pay for their time in getting your home sold).
First you need to get a proper valuation of your home, which can be done by paying a chartered surveyor and registered valuer, or you can research the house prices in the area for similar properties to get an idea of how they are selling.
Once you are happy with the price, you can advertise the property (there are several free sites that allow you to do this). Legally, you’re required to obtain an Energy Performance Certificate for the property before putting it up for sale, so you’ll need to organize a registered energy assessor to create this for you. Then you can start arranging viewings and negotiate an agreed price with anyone who is interested.
We would recommend, however, that you sign up with an estate agent as they can do all the leg work for you. The key thing, though, is to understand their fees and rates before signing an agreement with them.