Why do I have to pay up front for conveyancing in West Smithfield?
If you are buying a property in West Smithfield your solicitor will request that you put them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the purchase price then this should be asked for shortly before contracts are exchanged. Any further balance that is due will be payable shortly before completion.
A colleague advised me that in purchasing a property in West Smithfield there could be a number of restrictions preventing external alterations to the property. Is this right?
We are aware of anumerous of properties in West Smithfield which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in West Smithfield should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
How does conveyancing in West Smithfield differ for newly converted properties?
Most buyers of new build premises in West Smithfield approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because house builders in West Smithfield usually 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 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 used to new build conveyancing in West Smithfield or who has acted in the same development.