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.
Skipton Building Society is our lender, what do I need to consider?
Over the last two years, some lenders have reduced their 'solicitor panel'. For buyers, this can result in significantly higher legal costs. Homeward Legal, though, will act for most CML-approved lenders to keep legal costs to a minimum.
How early should you find a conveyancing solicitor in Loddon?
With few exceptions, the sooner you instruct a firm, the better. Instructing your solicitor sooner can reduce the likelihood of the other side pulling out.
The estate agent we are using in Loddon has referred a solicitors firm. Is it advisable to instruct them?
It is common for estate agents to recommend a law firm. If the agent is paid a referral fee, however, the agent may recommend the solicitor willing to pay the highest referral fee, not the most appropriate choice.
How many mortgage lenders in Loddon do you work with?
Of lenders with local branches near Loddon, Homeward Legal closely with many. Loddon lenders and mortgage specialists include St Andrews Financial Services, 1 Pilling Rd, Norwich, NR7 0DL, Go Direct (UK) Ltd, 60A West End, Costessey, Norwich, NR8 5AJ, and Norfolk Mortgage Line, 80 Barnham Broom Rd, Wymondham, NR18 0EB.
We plan to buy a residence in Topcroft. Will a chancel search be necessary?
Whichever Loddon parish you are purchasing in, a lawyer could advise a chancel search. Although some Parochial Church Councils have decided to charge chancel repairs on the current owners of affected property, there is no guarantee that a parish where chancel repair fees have not been paid previously will continue to be free from liability. Even if liability is unlikely, indemnity insurance is a sensible precaution.
What environmental concerns will affect land in Loddon, and will they be checked for thoroughly?
Residential property in Loddon can be contaminated by many environmental factors. Contaminants such as military land should be considered as part of the appropriate search.