At what point should I get a conveyancer in Cowfold?
Generally, the faster you instruct the better. Some sources advocate postponing instruction until the offer is accepted, but opting to delay can jeopardise your sale or purchase.
We are purchasing a home in Trotton. Will we need a chancel search?
Your conveyancing lawyer may suggest a chancel search. Chancel repair has the potential to be charged on the owners of a house where parish councils may have not done so in the past.
Cowfold property lawyers carry out a variety of searches when instructed by a home buyer - which specific ones?
If purchasing and obtaining a mortgage the lender mandates at least these searches - Local Authority, Drainage Search (Con29DW or personal) and Environment Search, and possibly unique particular for instance Flood Risk search.
Which issues are important to get a fast conveyancing transaction?
Key to a fast conveyancing transaction is to use a communicative conveyancing solicitor. Consider the following when selecting:
- Was there a delay delivering a quote?
- What methods of communication do they use? Posting documents can adds days of waiting to a purchase.
- How soon will they order searches?
Why is it silly to buy a leasehold with less than 99 years to run?
In large part, if a leasehold drops below 90 years, it’s because mortgage companies will not be willing to lend money to purchase the leasehold. They will almost certainly have a stipulation on the length of the leasehold as part of their criteria for lending.
Most buyers are very aware of this and the trend is for an insistence of the sellers to provide an extension back up to the 99-year or 125-year thresholds before considering its purchase. Otherwise, even if you can finance it, eventually you’ll have to consider the legal cost of extending the lease yourself.