As someone not used to conveyancing in Highcliffe what is the number one tip you can give me for the house moving process in Highcliffe
Not many law firms shout this from the rooftops but conveyancing in Highcliffe and elsewhere in Dorset is an adversarial process. In other words, when it comes to conveyancing there is an abundance of opportunity for conflict between you and others involved in the house moving process. E.g., the seller, estate agent and even potentially a bank. Choosing a law firm for your conveyancing in Highcliffe is a critical decision as your conveyancer is your adviser, and is the ONLY person in the legal process whose interest is to protect your best interests and to keep you safe.
We are witnessing a worrying ongoing adversarial element to conveyancing- someone must be at fault for the process being so protracted. You your first instinct should be to trust your lawyer ahead of the other players when it comes to the legal transfer of property.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would prefer to use a Highcliffe based conveyancing firm?
Do check but the chances are that appoint one of their panel solicitors if you take up the "fee-free" offer. Speak to the mortgage company and determine if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Highcliffe.
Forgive me if this question is silly but I am unseasoned as FTB of a two bedroom flat in Highcliffe. Do I receive the keys to the house on completion from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Highcliffe?
On the day of completion you do not need to go to the conveyancers office in Highcliffe. Your solicitors will arrange to send the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you should be invited to pick up the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
I'm the sole recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Highcliffe. Conveyancing formalities meant that the Land Registry date was in June. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership will be considered the same way as though I had purchased the property in June. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How practical a view mortgage companies take of it, depend on the mortgage company as this requirement principally exists to pick up on the purchase and immediately sell or the quick reselling of properties.
My wife and I have organised a further advance on our mortgage from Yorkshire BS as we wish to carry out a loft conversion to our property in Highcliffe. Do we need to choose a bricks and mortar Highcliffe solicitor on the Yorkshire BS conveyancing panel to handle the paperwork?
Yorkshire BS would not normally instruct a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS panel.
Just had an offer accepted on a new build flat in Highcliffe. 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 few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Highcliffe
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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. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I am looking at a couple of maisonettes in Highcliffe both have in the region of fifty years left on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease deteriorates and it becomes more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease enfranchisement can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
I own a ground floor flat in Highcliffe, conveyancing having been completed 5 years ago. How much will my lease extension cost? Similar properties in Highcliffe with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 yearly. The lease finishes on 21st October 2088
With only 63 years remaining on your lease we estimate the premium for your lease extension to range between £16,200 and £18,600 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.
I’m about to sell my ground floor apartment in Highcliffe.Conveyancing is yet to be initiated but I have recently received a quarterly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as normal as all rents and maintenance payments will be allottedas part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process