I have been recommended a conveyancing solicitor in Crook Log. I I would like to check if they are accepted on the TSB conveyancing panel. Could you help?
You should contact your lawyer and ask them whether they can act for the bank. Alternatively you should get in touch with TSB who may be able to help.
Are there restrictive covenants that are commonly picked up during conveyancing in Crook Log?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Crook Log. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Crook Log differ for newly converted properties?
Most buyers of new build premises in Crook Log approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Crook Log tend to purchase the real estate, 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 used to new build conveyancing in Crook Log or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and found one round the corner in Crook Log I like with a park and railway links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Crook Log for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage that many years will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
What does commercial conveyancing in Crook Log cover?
Commercial conveyancing in Crook Log covers a broad array of services, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.