Is there a reason why leasehold purchase conveyancing in Felpham costs more?
In summary, leasehold conveyancing in Felpham and West Sussex usually necessitates extra work compared to freehold conveyancing. This includes lease investigation, corresponding with the landlord concerning serving applicable notices, procuring current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first granted.
There is lots of information on this site concerning conveyancing in Felpham but what is your top tip for appointing the right conveyancer in Felpham
Do not opt for the lowest Felpham conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
How can we tell if a Felpham conveyancing solicitor on the Nationwide panel is any good?
When it comes to conveyancing in Felpham seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your transaction.
I am buying a property in Felpham. A rare aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Virgin Money your lawyer must follow the conveyancing requirements set out in Section two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook includes minimum requirements for solar panel roof-space leases, and solicitors are required to report to Virgin Money where a lease does not meet these specifications. The specifications relate to the installation of panels on properties countrywide and is not isolated to Felpham.
Will my lawyer be asking questions about flooding as part of the conveyancing in Felpham.
Flooding is a growing risk for lawyers dealing with homes in Felpham. There are those who buy a house in Felpham, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to impart advice on flood risk, however there are a number of searches that may be carried out by the buyer or on a buyer’s behalf which can figure out the risks in Felpham. The standard property information forms given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the owner to discover if the premises has ever been flooded. If flooding has previously occurred which is not notified by the vendor, then a purchaser could issue a claim for damages as a result of such an inaccurate response. A buyer’s solicitors may also order an enviro report. This should disclose whether there is a recorded flood risk. If so, more detailed investigations should be carried out.
I bought my apartment on 4 June and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Felpham expressed confidence that it would be dealt with in a couple of weeks. Are transfers in Felpham uniquely lengthy to register?
As far as conveyancing in Felpham is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can vary subject to the party submitting the application, whether there are errors and if the Land registry communicate with any third persons or bodies. As of today approximately three quarters of such applications are fully addressed in less than three weeks but some can be subject to extensive delays. Registration takes place once the purchaser is living at the property so 'speed' is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.
My husband and I are novice buyers - had an offer accepted, but the estate agent told us that the seller will only proceed if we use their recommended lawyers as they want a ‘quick sale’. My instinct tells me that we should use a local solicitor used to conveyancing in Felpham
We suspect that the seller is unaware of this demand. Should the vendor want ‘a quick sale', alienating a serious purchaser is going to damage their objectives. Speak to the owners direct and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)however you will continue to instruct your preferred Felpham conveyancing firm - as opposed tothe ones that will provide their negotiator at the agency a commission or achieve conveyancing targets set by corporate headquarters.
Can you offer any advice when it comes to finding a Felpham conveyancing firm to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Felpham conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Felpham conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:
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If they are not ALEP accredited then what is the reason?
Felpham Leasehold Conveyancing - Examples of Questions you should ask before buying
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Make sure you discover if there are any onerous restrictions in the lease. By way of example some leases prohibit pets being permitted in certain buildings in Felpham. If you like the apartmentin Felpham yet your dog is not allowed to live with you then you will be presented with a hard choice. You will want to discover as much as you can regarding the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to practical matters such as the tidiness of the communal areas. You should not be shy to ask other people what they think of their service. Finally, investigate as to the dates that the maintenance fees are due to the managing agents and specifically what you get for your money. This information is helpful as a) areas could cause problems for the block as the communal areas may start to deteriorate where services remain unpaid b) if the leaseholders have an issue with the managing agents you will want to have complete disclosure