We hired a local solicitor for my conveyancing in Hayling Island last week. After carefully reading the Ts and Cs it is apparent thatI am responsible for charges even where the conveyance does not complete. Would I be best advised to select a web based conveyancing company offering no completion no charge conveyancing in Hayling Island?
Generally there is a concession along the lines that if "No Sale No Fee" is available then the fee levels will tend to be be uplifted to cover those cases that do not go ahead. Also remember that these schemes tend not to protect you from expenditure such your Hayling Island conveyancing search expenses.
I own a freehold property in Hayling Island but still pay rent, why is this and what is this?
It is rare for properties in Hayling Island and has limited impact for conveyancing in Hayling Island but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a residence in Hayling Island? or Apparently there is an ancient law that could mean that house owners living in a parish church boundary will be compelled to contribute towards repairs to the chancel within the church. Is this applicable for conveyancing in Hayling Island?
Unless a previous purchase of the house took place post 12 October 2013 you may take it that conveyancing practitioners carrying out conveyancing in Hayling Island to remain recommending a chancel search and or insurance against a claim.
How does conveyancing in Hayling Island differ for newly converted properties?
Most buyers of new build premises in Hayling Island contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Hayling Island usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hayling Island or who has acted in the same development.
I decided to have a survey carried out on a property in Hayling Island ahead of appointing solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some banks may not issue a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hayling Island. Conveyancing will be smoother if you use a solicitor in Hayling Island especially if they are familiar with such properties in Hayling Island.
My father has recommend that I instruct his conveyancers in Hayling Island. Should I find my own solicitor?
No doubt it’s preferable to choose a conveyancing practitioner is to seek feedback from friends or family who have experience in using the firm you're considering.