I require expedited conveyancing in Colwyn Bay as I have an ultimatum to exchange contracts in less than 3 weeks. Thankfully I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
If.Given you are not taking a home loan you are at free not to have searches carried out although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Colwyn Bay the following are examples of issues that can appear and therefore impact market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
My wife and I have a renovated Georgian house in Colwyn Bay. Conveyancing practitioner acted for me and Barnsley Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Colwyn Bay and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing lawyer who conducted the work.
How does conveyancing in Colwyn Bay differ for new build properties?
Most buyers of new build property in Colwyn Bay contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Colwyn Bay tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Colwyn Bay or who has acted in the same development.
I opted to have a survey completed on a house in Colwyn Bay in advance of instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks will not give a loan on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Colwyn Bay. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it true that a Colwyn Bay conveyancing firm taken to court by clients for failing to conduct the right conveyancing searches?
Our attention has not be brought to such a Colwyn Bay conveyancing matter but it has been reported that, a couple buying a house in Cumbria successfully won a claim against their conveyancing practitioner due to development plans to construct a wind farm not being picked up in conveyancing searches.
Where you are purchasing in Colwyn Bay It is essential that your property lawyer purchase all Colwyn Bay conveyancing searches required making sure that you have accurate and current information ahead of buying a property.