I am need of leasehold conveyancing for a flat in a relatively new development (6 years old) in Hoddesdon. 95% of the properties have already been occupied. Do I need carry out the local searches as part of conveyancing in Hoddesdon?
You are taking a significant risk in not carrying out Hoddesdon conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal requirement to have them, but we would seriously advise in no uncertain terms that your conveyancer conducts them. If accelerating the process and price are primary concerns you should consider with your lawyer about the options such as lack of search insurance available to you
How up to date is your database of Hoddesdon solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?
Hoddesdon conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
I have been told that property searches are a common reason for stalling in Hoddesdon conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of holding up conveyancing in Hoddesdon.
How does conveyancing in Hoddesdon differ for newly converted properties?
Most buyers of new build property in Hoddesdon contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Hoddesdon 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 property lawyers 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 Hoddesdon or who has acted in the same development.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Hoddesdon and how can your lawyers assist?
The particular law that you refer to provides security of tenure to business leaseholders, granting the a statutory right to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Hoddesdon