I am need of leasehold conveyancing for a flat in a relatively new development (seven years old) in Alresford. 95% of the properties are already sold. Do I need carry out the local searches as part of conveyancing in Alresford?
Conveyancing Searches are a critical link in the Alresford conveyancing process. There are a large number of search providers who offer Alresford conveyancing searches, as well straight from the local authority. These are usually referred to as personal search organisation and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their information from the local authority.
What is the first thing I need to know concerning purchase conveyancing in Alresford?
Not many law firms or advisers will tell you this but conveyancing in Alresford or throughout Hampshire is often a confrontational process. In other words, when it comes to conveyancing there is lots of opportunity for conflict between you and others involved in the legal transfer of property. For example, the vendor, selling agent and even potentially your mortgage company. Choosing a solicitor for your conveyancing in Alresford an important selection as your conveyancer is your adviser, and is the SOLE person in the process whose role it is to look after your legal interests and to keep you safe.
We are witnessing a worrying increase in the "blame" culture- someone has to be blamed for the process taking so long. We recommend that you should always trust your lawyer ahead of all other parties when it comes to the legal transfer of property.
Should my conveyancer be raising questions about flooding during the conveyancing in Alresford.
Flooding is a growing risk for lawyers carrying out conveyancing in Alresford. Some people will buy a house in Alresford, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, but there are a numerous checks that may be carried out by the purchaser or on a buyer’s behalf which can give them a better understanding of the risks in Alresford. The conventional set of completed inquiry forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the seller to discover if the property has historically flooded. In the event that flooding has previously occurred and is not notified by the seller, then a purchaser may issue a legal claim for losses as a result of such an misleading response. A purchaser’s conveyancers will also carry out an environmental search. This should indicate if there is a recorded flood risk. If so, additional investigations should be initiated.
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Alresford I like with open areas and transport links nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Alresford for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
My brother has urged me to instruct his conveyancers in Alresford. Should I choose my own solicitor?
There are no two ways about it the best way to choose a conveyancing lawyer is to seek referrals from friends or family who have actually experience in using the solicitor you're considering.
Is planning consent necessary to split a single dwelling into a couple of appartments in Alresford? This has occurred to a property opposite to my house in Alresford and was ignorant of the conversion until the works were done.
Planning Consent yes. Building Reg Approval yes.