At what point can the exchange of contracts take place for domestic conveyancing in Felpham and do I need to attend the lawyers office?
Where you are local to our conveyancing solicitors in Felpham you are invited in to sign the paperwork. That being said, the lender approved solicitors we work with provide countrywide coverage for conveyancing and give just as diligent and professional a job for you when communicating with you electronically. The signing of the property agreement is not the point of no return. Signing on the dotted line simply enables the firm to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Felpham)to be in the office at the appropriate time.
My Conveyancer in Felpham is not listed on the Virgin Money Approved Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are not on the Virgin Money panel of approved conveyancing solicitors?
The limited options available to you here include:
- Complete the purchase with your preferred Felpham solicitors but Virgin Money will need to use a solicitor on their panel. This will result in additional overall conveyancing charges as well as cause frustration.
- Get an alternative practitioner to act in the conveyancing, obviously checking they are Convince your solicitor to use their best endeavours to join the Virgin Money conveyancing panel
I am looking for a leasehold apartment up to £305k and found one close by in Felpham I like with a park and station nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Felpham suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
Taking into account that I will soon spend 450k on a garden flat in Felpham I wish to talk to a lawyer about myhouse move prior to giving the go ahead to the firm. Is this something that you can arrange?
This is something that we encourage - we would be pleased to talk to you we do not take any clients on without you speaking to the lawyer who will be doing your property ownership legalities in Felpham.There is no ‘factory style conveyancing’ - each client is an important individual, not a case number. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Felpham should be the figure that you end up paying.
Having had my offer accepted I require leasehold conveyancing in Felpham. Before diving in I want to be sure as to the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Felpham - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a split level flat in Felpham, 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? Equivalent properties in Felpham with over 90 years remaining are worth £195,000. The ground rent is £45 levied per year. The lease runs out on 21st October 2088
With 63 years unexpired we estimate the price of your lease extension to be between £16,200 and £18,600 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
Developers have recommended to me a conveyancer and I've received a quote from them. It's nearly £250 cheaper than my family Felpham solicitor. What's the catch?
Builders frequently have lists of solicitors who are quick and who know the seller’s documentation and solicitor. As many developers offer an incentive to use a preferred lawyer for this reason, any increased cost can be avoided and a developer will not suggest a conveyancing factory and run the risk of having the conveyancing delayed when they need an exchange inside a month. The argument for not opting for the recommended solicitor is that they may prove hesitant to fight for your interests for fear of upsetting the housebuilder. Where you have concerns that this may be the situation you should stick with your local Felpham conveyancer.