Me and my partner are purchasing a property in Ludgershall. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to lenders such as Aldermore, do Ludgershall lawyers have to pay an annual charge to be on the conveyancing panel?
We are not aware of any lender fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
After shopping around on the internet I have found a Ludgershall solicitor having checked that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?
Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Ludgershall postcode. As you are getting a mortgage with Co-operative, you could contact them to see if they have a list of approved surveyors in Ludgershall.
Are there restrictive covenants that are commonly picked up during conveyancing in Ludgershall?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Ludgershall. 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 Ludgershall differ for new build properties?
Most buyers of new build or newly converted property in Ludgershall approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Ludgershall typically acquire the site, 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 Ludgershall or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and identified one round the corner in Ludgershall I like with a park and railway links in the vicinity, however it only has 61 years unexpired on the lease. There is not much else in Ludgershall for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will be an issue. Reduce 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 twenty four months you could request that they commence the lease extension formalities and pass 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.
Given that I am about to spend hundreds of thousands of pounds on 3 bedroom house in Ludgershall I wish to have a conversation with the conveyancer about mytransaction ahead of giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your property ownership legalities in Ludgershall.There is no ‘factory style conveyancing’ - every client is an important individual, not a file reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Ludgershall should be the amount on the final invoice that you end up paying.