I am need of leasehold conveyancing for a flat in a relatively new development (five years built) in Felpham. Almost all the appartments have already been disposed of. Is it really necessary to order conveyancing searches as part of conveyancing in Felpham?
You would be opening yourself up to an unnecessary risk in failing carrying out Felpham conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would strongly advise in no uncertain terms that your conveyancer conducts them. Where accelerating the process and cost are primary concerns you should consider with your lawyer about the options such as lack of search insurance available to you
We note that you have a post code search directory identifying firms on the Santander conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Felpham?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Felpham.
I am considering applying for a Santander mortgage for purchase of a newly converted (under development) in Felpham with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Santander ?
In theory, you could use a solicitor that is not on the Santander conveyancing panel, but Santander would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I have todayfound out that Arc property Solicitors have closed. They conducted my conveyancing in Felpham for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Felpham conveyancing specialists.
I am attracted to a two maisonettes in Felpham which have approximately 50 years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Felpham. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is generally wise to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this arena.
Leasehold Conveyancing in Felpham - A selection of Questions you should ask Prior to buying
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On the whole the outlay for major works tend not to be included within maintenance charges, albeit that a few managing agents in Felpham ask tenants to contribute towards a reserve fund created for the specific purpose of establishing a fund for larger works. What is the length of the lease? This question is important as a) areas can cause problems in the block as the communal areas may start to deteriorate if repairs remain unpaid b) if the leaseholders have a dispute with the running of the building you will want to have full disclosure
The financial adviser has suggested using their conveyancing practitioner for my conveyancing in Felpham - Is it not simpler better to just use them?
It is worth checking if the selling agent is recommending a lawyer or introducing to a solicitor. There are plenty of Felpham selling agents who recommend two or three Felpham conveyancing firms and get nothing from it.