Are many purchasers in Yeadon gazumped?
Gazumping occurs when an offer is accepted but then rejected by the property owner, selecting instead a second buyer's offer. The risk of gazumping exists for almost any purchase. Instructing a proactive solicitor as soon as you can is a key first step to reducing this risk.
Is a drainage search a fee or disbursement?
Comparing conveyancing quotes is often challenging, given the various definitions different firms use to describe the same thing. This charge is a disbursement not a fee, and is passed on to the buyer at cost.
Does your company specialise the conveyancing of auction properties in Yeadon?
Our company is very competent with property auction procedures. It is not uncommon for hard to value homes e. g. structurally defective property, are sold at property auctions and these necessitate deeper due diligence. Solicitors therefore advocate that purchasers decide on a an auction experienced lawyer well in advance of the property auction so there is time for an investigation of the auction legal papers.
When is it wise to instruct a solicitor to act for us?
Generally, the earlier, the better. Some suggest waiting before instruction until a chain is completed, but delays can risk the other side pulling out, particularly in uncertain market conditions.
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.
We are using a lender based in West Yorkshire, and need to know which Yeadon lenders you can work with. Whose panels are you on?
Most lenders in Yeadon are on our panels. Local mortgage lenders and brokers include Leeds Building Society, 59 High St, Yeadon, Leeds, LS19 7SP.
If I plan to buy in the parish of Acaster Malbis, are we advised to get a chancel search?
The property lawyer may suggest that a chancel search is ordered, regardless of the parish in which the residence being purchased is found. Through some Parochial Church Councils have exercised their right to exact chancel repairs on owners of affected property, a solicitor cannot state with certainty that a parish where chancel repair fees have not been paid previously will not be so in future. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.