Why do I have to pay up front when it comes to conveyancing in Feltwell?
Where you are retaining lawyers for conveyancing in Feltwell your solicitor will ask you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the deposit is as part of the purchase price then this should be required immediately before contracts are exchanged. The final balance that is due should be sent to your lawyer a few days prior to the day of completion.
Do I need to take out insurance to cover chancel repairs when buying a house in Feltwell?
Unless a prior purchase of the property completed post 12 October 2013 you may take it that solicitors carrying out conveyancing in Feltwell to continue to suggest a chancel search and or chancel repair liability policy.
Due to the guidance of my in-laws I had a survey completed on a property in Feltwell in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some banks will not give a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Feltwell. Conveyancing will be smoother if you use a solicitor in Feltwell especially if they regularly deal with such properties in Feltwell.
As co-executor for the estate of my father I am disposing of a residence in Swansea but live in Feltwell. My lawyer (based 260 kilometers awayhas requested that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Feltwell to witness and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Feltwell based
I am looking at a two apartments in Feltwell both have approximately fifty years left on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Feltwell. The lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the saleability of the lease deteriorates and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
Feltwell Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
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Most Feltwell leasehold apartments will be liable to pay a service charge for maintenance of the building levied on behalf of the management company. Where you purchase the apartment you will have to meet this contribution, normally periodically throughout the year. This may vary from a few hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all probability there will be a rentcharge to be met yearly, this is usually not a significant sum, say approximately £25-£75 but you should to enquire it because on occasion it could be surprisingly expensive. How is the lease structured? It would be a good idea to discover if there is anything that is prohibited in the lease. For instance it is reasonably common in Feltwell leases that pets are not permitted in in a block in Feltwell. If you love the propertyin Feltwell but your dog is not allowed to move with you then you have a very difficult determination.
Would local authority permission be needed to split a house into multiple flats in Feltwell? This has been done to a property opposite to my house in Feltwell and was unaware of the conversion until it was finished.
Planning consent is required for converting a single house in Feltwell into flats but possibly not for converting once again to single dwelling-house so, in answer to your query, yes,a it is needed.