I am need of leasehold conveyancing for a flat in a fairly new development (five years built) in Hayling Island. 95% of the flats have already been sold. Is it really necessary to order local searches for my conveyancing in Hayling Island?
You are opening yourself up to an unnecessary risk in refusing to carrying out Hayling Island 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 necessity to have them, but we would absolutely advise in no uncertain terms that you have them. Where timings and driving down costs are primary concerns you should discuss with your lawyer about the possibility of search insurance
My partner and I are close to exchanging contracts on the sale of our property in Hayling Island and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A high street Hayling Island lawyer would know this is not the case. It does beg the question why the buyers instructed a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Hayling Island. We have lived in Hayling Island for six years we know of no issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I completed on my home on 3 November and my personal details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Hayling Island advises it should be registered inside ten days. Are titles in Hayling Island particularly slow to register?
As far as conveyancing in Hayling Island is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can vary according to the party submitting the application, whether there are errors and whether the Land registry need to notify any third persons or bodies. As of today roughly 80% of such applications are fully dealt with within 12 days but some can be subject to longer delays. Registration is effected once the new owner is living at the property so post completion formalities is not always top priority yet where it is urgent that the the registration takes place urgently then you or your lawyers must speak with the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build flat in Hayling Island. Conveyancing is daunting 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.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Hayling Island
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There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Hayling Island is the location of the property. What do you suggest?
Flying freeholds in Hayling Island are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hayling Island you would need to get your solicitor to go 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 Hayling Island 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 property.
My cousin is purchasing a leasehold flat in Hayling Island. He was given a quote by the conveyancing practitioner recommended by the estate agents and it came to £1275 . It was 9 years ago since I sold and bought a house and it cost was £600. Have charges really gone up that much?
You should visit two or three local Hayling Island conveyancing firms seeking prices. You should base your selection not just on cost, but on promptness and on how comprehensive the response is.