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.
Do I need a chancel search? I am buying a residence in St Annes Park.
The Law Lords decision in Aston Cantlow (PCC) v Wallbank confirmed that chancel repair liability could be enforced. Terms used in a property's name, like 'glebe', may indicate chancel liability. A conveyancing solicitor will be able to advise further.
We have a found a property to buy. How do we organise fast legal work?
Key to faster conveyancing is to use a proactive and experienced property lawyer. Consider the following when selecting:
- Did you experience any delays when requesting a quote?
- What methods of communication do they use? Posting documents can adds days of waiting to a purchase.
- Do they offer 'no move, no fee' protection? This can incentivise a faster transaction.
Is there a benefit to going to auction over a standard estate agent sale?
The majority of homes sold via an estate agent will be in a reasonable condition and usually modernised, whereas auction properties will often require a lot of modernisation or structural work before it can be lived in. That’s not to say you can’t use either for your sale, of course, irrespective of the state of the property.
Whichever option you choose, you should line up a focused, proactive solicitor on a fixed-fee agreement protected by a ‘No Completion, No Fee’ guarantee. You should appoint them as early as possible, too, so that the conveyancing work can start immediately – this is particularly important for auctions, as there is usually a four-week completion stipulation on its sale.
At Homeward Legal, we offer you’re the best quality service on all types of sale and purchase, including auctions, for competitively low fees protected by our 'No Completion, No Fee' guarantee. Try our online quote calculator or call our team on 0800 038 6699.
Does Homeward Legal specialise the conveyancing for auction properties in St Annes Park?
Yes - Homeward Legal is familiar with property auction procedures. Traditionally unusual properties e. g. building land, are purchased in property auctions which necessitate supplementary investigation by the conveyancing lawyer. We therefore advise that buyers at auction instruct a residential conveyancing solicitor prior to the property auction so there is time for a detailed report of the sellers pack. Immediately following the auction, your lawyer will be geared up to speedily conclude the purchase legal work in less than 28 days after exchange of contracts as usually required by the auction conditions.