We are buying a flat and need a conveyancing solicitor in Bognor Regis who is on the Barclays approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Bognor Regis.
I'm purchasing my first flat in Bognor Regis with a mortgage from Barclays Direct. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The property agent told me not reveal to my conveyancer about the side-deal as it will impact my mortgage with Barclays Direct. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Bognor Regis is where the house is located. Is there any guidance you can give?
Flying freeholds in Bognor Regis are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bognor Regis you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bognor Regis 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.
I am looking into buying my first house which is in Bognor Regis and I am already nervous. I couldn't find anything specific about Bognor Regis. Conveyancing will be needed in due course but do you know about the Bognor Regis area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bognor Regis. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my uncle I am selling a house in Neath but I am based in Bognor Regis. My solicitor (based 260 miles awayneeds me to execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Bognor Regis to witness and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Bognor Regis based
I am a negotiator for a busy estate agent office in Bognor Regis where we see a number of leasehold sales derailed due to leases having less than 80 years remaining. I have been given conflicting advice from local Bognor Regis conveyancing solicitors. Could you clarify whether the owner of a flat can initiate the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a 1 bedroom flat in Bognor Regis, conveyancing was carried out 8 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Bognor Regis with an extended lease are worth £191,000. The ground rent is £55 invoiced every year. The lease ceases on 21st October 2080
With only 54 years remaining on your lease the likely cost is going to span between £32,300 and £37,400 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.