In the event thatI were to purchase a simple residential propertyin Alresford for cash and dispense with a survey and no local authority searches how much would I expect to to save on my conveyancing in Alresford?
Any savings you would achieve will be limited to the Alresford conveyancing searches. A solicitor is required to do the vast majority of work - money laundering, communicating with your vendors property lawyer, stamp duty submission, register the title etc. You might save a bit for them not needing to register a mortgage but it won't be meaningful.
We're in Alresford, First time buyers purchasing with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What can a local search reveal about the house I am buying in Alresford?
Alresford conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Xpress Legal The local search is essential in every Alresford conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
Is there anything unique about your site and alternative internet conveyancing solicitors for conveyancing in Alresford?
At this site secure a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Alresford. Unlike many estate agents and brokerage sites we are not in the business of charging firms a fee if you choose them for your conveyancing in Alresford
Due to sign contracts shortly on a garden flat in Alresford. Conveyancing solicitors assured me that they report fully on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Alresford should include some of the following:
-
You need to be told what constitutes a Nuisance in the lease What remedies are open the freeholder should you have violated the provisions of the lease? Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Ground rent - what is due and what the invoice dates are, and be on notice if this is subject to change
I invested in buying a 1st floor flat in Alresford, conveyancing was carried out 4 years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Alresford with a long lease are worth £186,000. The ground rent is £55 charged once a year. The lease expires on 21st October 2078
With just 53 years remaining on your lease we estimate the price of your lease extension to be between £27,600 and £31,800 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
Why am I unable to complete our conveyancing in Alresford on a public holiday?
Because on completion the sale price will be transferred electronically between the banks of the buyer and owner’s conveyancing practitioner and currently this can only occur on a working day. It is not possible to complete on a weekend either.