I am purchasing a house without a mortgage in Crawley. I have resided for the last Seventeen years in Crawley. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a home loan, then almost all of the Crawley conveyancing searches are at your discretion. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches done, but he has a professional duty to take that path of advice. One thing to bear in mind; if you are going to sell the house one day, it may be of interest to your future buyer what the searches disclose. On occasion houses with no practical issues can still throw up negative search results. A good conveyancing solicitor in Crawley should provide you some constructive guidance here.
This question may be naive but I am unexperienced as a 1st time purchaser of a garden flat in Crawley. Do I receive the keys to the premises on the completion date from my solicitor? If so, I will find a High Street conveyancing solicitor in Crawley?
On the day of completion you will not be required to go to the conveyancers office in Crawley. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you will be called to collect the keys from the property Agents and start moving into the property. Usually this occurs early afternoon.
We have a mortgage agreed in principle with Co-operative. Crawley conveyancing lawyers are instructed. How long does it take for Co-operative to forward the offer to the solicitor?
Some lenders take longer than others. Have Co-operative done the valuation? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We were going to get a OIP from HSBC this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Crawley solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint Crawley solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Crawley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Crawley are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crawley you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crawley 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.
Taking into account that I will soon spend 450k on a property in Crawley I would like to have a conversation with the conveyancer regarding thetransaction prior to appointing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer who will be carrying out your property ownership legalities in Crawley.There is no ‘factory style conveyancing’ - each client is unique individual, not a matter reference. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Crawley should be the amount on the final invoice that you end up paying.
I have been sourcing a conveyancing solicitor in Crawley for my house move. Is it possible to see a solicitor's record with the profession’s regulator?
One may read documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA could recorded call for training purposes.
I today plan to offer on a house that seems to be perfect, at a great figure which is making it more attractive. I have just found out that it's a leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Crawley. Conveyancing lawyers have are soon to be appointed. Will they explain the issues?
Most houses in Crawley are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Crawley in which case you should be looking for a Crawley conveyancing practitioner and check that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the landlord’sconsent to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the house is part of an estate. Your solicitor should advise you fully on all the issues.
I am the registered owner of a leasehold flat in Crawley, conveyancing formalities finalised in 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Crawley with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease ends on 21st October 2085
With just 60 years remaining on your lease the likely cost is going to span between £20,000 and £23,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.