In the event thatI were to acquire a simple residential homein Clifton Village for cash and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Clifton Village?
The only saving you would achieve is the Clifton Village conveyancing searches. The solicitor still got to do everything else - money laundering, liaising with the sellers lawyer, stamp duty return, register the ownership etc. You might save a bit for them not needing to register a charge however it won't be significant.
What is the first thing I need to know concerning purchase conveyancing in Clifton Village?
Not many law firms shout this from the rooftops but conveyancing in Clifton Village and elsewhere in England and Wales is an adversarial process. Put another way, when it comes to conveyancing there is lots of opportunity for conflict between you and other parties involved in the legal transfer of property. For example, the vendor, estate agent and on occasion your lender. Selecting a solicitor for your conveyancing in Clifton Village should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the process whose interest is to act in your best interests and to protect you.
There is a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. You should always trust your lawyer above all other players when it comes to the legal assignment of property.
My wife and I own a 4 bedroom Georgian house in Clifton Village. Conveyancing lawyer acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching property. Is it worth asking Accord Mortgages Ltd to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Clifton Village and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing practitioner who conducted the conveyancing.
How does conveyancing in Clifton Village differ for new build properties?
Most buyers of new build residence in Clifton Village 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 developers in Clifton Village typically purchase 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 Clifton Village or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Clifton Village is the location of the property. What do you suggest?
Flying freeholds in Clifton Village are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Clifton Village you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Clifton Village may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.