We were about to instruct a conveyancing solicitor in Hassocks recommended by you but stumbled across alternative fee calculations on the internet seem less expensive – how come?
You can find plenty of websites promoting pretending to offer cheap conveyancing, but additionalfees result in the completion fee being inflated. Conveyancers are obliged to make sure that fees contained in terms of business should be fair and reasonable and be applied The solicitors that we list for conveyancing in Hassocks specify all charges for the property you plan tobuy.
My son-in-law is about to exchange on a newly built flat in Hassocks with a home loan from Skipton. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Skipton conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Skipton conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My bid for a property was accepted at auction in Hassocks. Conveyancing is required. What is next?
Given that you are now legally bound yourself to purchase you must appoint a conveyancing solicitor soon as you will have a fast approaching a drop dead date to complete the property. An auction property should have a corresponding legal set of papers. This will include most,if not all of the paperwork that your solicitor will need. In the case of leasehold premises the legal papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You should pass this on to the conveyancer instructed by you at the earliest opportunity. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
I have been told by my conveyancer that lack of right of way insurance is required on my purchase. What is the level of cover for Hassocks conveyancing?
The right level of lack of right of way indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Chelsea Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
Does a directory service exist listing RBS panel solicitors in Hassocks on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings open the public on the web. If you are looking for a Hassocks solicitor on the RBS please make the most of our facility.
I am buying a new build flat in Hassocks. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Hassocks
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. 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.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, chain free conveyancing. Hassocks is the location of the property. Can you shed any light on this issue?
Flying freeholds in Hassocks are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hassocks you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hassocks may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Do you have any top tips for leasehold conveyancing in Hassocks with the intention of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Hassocks can be bypassed if you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold documentation which will be required by the purchasers’ lawyers. The majority of freeholders or managing agents in Hassocks charge for supplying management packs for a leasehold home. You or your lawyers should discover the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Hassocks. If you have the benefit of shareholding in the Management Company, you should ensure that you have the original share document. Arranging a new share certificate is often a lengthy process and delays many a Hassocks conveyancing deal. If a new share is needed, you should approach the company officers or managing agents (if relevant) for this at the earliest opportunity. You may think that you are aware of the number of years left on your lease but it would be wise to verify this by asking your solicitors. A buyer’s lawyer will be unlikely to recommend their client to where the lease term is less than 75 years. It is therefore essential at an early stage that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.
I invested in buying a 2 bed flat in Hassocks, conveyancing formalities finalised 10 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Hassocks with over 90 years remaining are worth £211,000. The ground rent is £45 yearly. The lease ceases on 21st October 2093
With 68 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.