We are acquiring our first house. The lawyer has e-mailedto check if we want to purchase additional conveyancing searches. We are really unsure what's relevant for conveyancing in Blyth
The scope of Blyth conveyancing searches depends primarily on the premises, the location, the probability of any of these risks, your familiarity of the locality and risks, your overall appetite to risk. What matters is that you properly comprehend what information the searches could provide. You may then make a decision if you personally think you need that information. Where you are unclear, ask the conveyancing practitioner to advise.
We hope to to buy with Coventry BS. I popped in a couple of high street companies but cant to find a Blyth conveyancing firm on the Coventry BS approved list. Can you help?
Please do take advantage of the search tool on this web page. Pick the lender and type Blyth or your location and you will be presented with a number of lawyer based in Blyth or near you.
How does conveyancing in Blyth differ for new build properties?
Most buyers of new build residence in Blyth approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Blyth tend to buy the real estate, 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 conveyancing solicitors 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 Blyth or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Blyth is the location of the property. Can you shed any light on this issue?
Flying freeholds in Blyth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Blyth you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Blyth may determine 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 property.
Given that I will soon part with 450k on a property in Blyth I would like to have a conversation with the solicitor about myhouse move before giving the go ahead to the firm. Can this be arranged?
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 solicitor due to be conducting your conveyancing in Blyth.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Blyth should be the figure that you are charged.
Last January I purchased a leasehold property in Blyth. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a split level flat in Blyth, conveyancing was carried out August 1996. Can you work out an approximate cost of a lease extension? Comparable properties in Blyth with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease comes to an end on 21st October 2080
You have 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.