I am hoping to move into my new home in Eastbourne next Tuesday. My lawyer now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the bank. What risks does the lender expect the insurance to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not limited to conveyancing in Eastbourne.
3 months have elapsed since my purchase conveyancing in Eastbourne took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build flat in Eastbourne. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Eastbourne
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Am I better off to appoint a Eastbourne conveyancing lawyer who is local to the property I am buying? We have a good friend who can deal with the legal formalities but her office is 400kilometers away.
The primary upside of using a high street Eastbourne conveyancing firm is that you can drop in to sign documents, deliver your identification documents and pester them where appropriate. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and in the main were impressed that must trump using an unfamiliar Eastbourne conveyancing solicitor just because they are Eastbourne based.
I am intending to sublet my leasehold flat in Eastbourne. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
Notwithstanding that your last Eastbourne conveyancing lawyer is not around you can review your lease to check if it allows you to sublet the apartment. The rule is that if the lease is non-specific, subletting is permitted. There may be a precondition that you are obliged to obtain consent from your landlord or some other party prior to subletting. The net result is you not allowed to sublet without first obtaining consent. The consent must not not be unreasonably refused ore delayed. If the lease does not allow you to sublet you should ask your landlord for their consent.
Leasehold Conveyancing in Eastbourne - Examples of Queries before Purchasing
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Most Eastbourne leasehold properties will be liable to pay a service charge for the upkeep of the building levied on behalf of the freeholder. If you acquire the property you will have to meet this liability, normally periodically throughout the year. This may vary from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent to be met yearly, ordinarily this is not a exorbitant figure, say about £25-£75 but you should to enquire it because occasionally it could be many hundreds of pounds. Are there any major works in the near future that will likely increase the maintenance fees?
What are my options where I am not happy with the conveyancing practitioner who handled our conveyancing in Eastbourne?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that occasionally matters do not go as planned. That being said there is recourse if you were dissatisfied with your conveyancing in Eastbourne. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If you remain dissatisfied you may consider getting in touch with the Legal Ombudsman.