Are the Highcliffe conveyancing solicitors identified as being on the Aldermore conveyancing panel, together with their details provided by Aldermore?
Highcliffe conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
My conveyancer has informed me that absentee landlord insurance is required on my purchase. What is the level of cover for Highcliffe conveyancing?
The appropriate level of absentee landlord indemnity insurance depends on who your lender is. It would differ for example between Halifax and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such policies.
Last month we had a mortgage agreed in principle with Yorkshire BS. Highcliffe conveyancing solicitors were selected. How long does it take for Yorkshire BS to send the offer to the conveyancing practitioner?
There is no definitive answer here. Have Yorkshire BS done the survey? Have you advised Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Our offer on a house in Highcliffe has been accepted, but there is a chain. The vendors have put an offer on a flat, but it’s not yet tied up, and are looking at other flats booked. I have chosen a local conveyancing solicitor in Highcliffe. What do I do now? At what stage do I apply for the mortgage with Skipton?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then survey, Highcliffe conveyancing search fees, etc). First, you must ensure that your solicitor is on the Skipton conveyancing panel. Regarding the subsequent steps this very much depends on the uniqueness of your case, desire for this property and on the state of the market. In a rising market some purchasers would apply for a home loan with Skipton and arrange for the valuation and only if it comes back ok would they pay their conveyancing practitioner to proceed with the conveyancing in Highcliffe.
Just had an offer accepted on a new build flat in Highcliffe. 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 conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Highcliffe
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. 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 the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I have been on the look out for a ground for flat up to £245,000 and found one close by in Highcliffe I like with a park and station nearby, however it's only got 49 years on the lease. There is not much else in Highcliffe for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I wish to sublet my leasehold flat in Highcliffe. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Notwithstanding that your previous Highcliffe conveyancing lawyer is no longer available you can review your lease to check if you are permitted to let out the apartment. The rule is that if the deeds are silent, subletting is permitted. There may be a precondition that you are obliged to obtain consent from your landlord or other appropriate person in advance of subletting. This means that you cannot sublet in the absence of first obtaining consent. Such consent must not not be unreasonably turned down. If the lease does not allow you to sublet you will need to ask your landlord for their consent.
I bought a leasehold flat in Highcliffe, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Highcliffe with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease ceases on 21st October 2089
With just 65 years remaining on your lease the likely cost is going to range between £13,300 and £15,400 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
Do I cancel my mortgage payments with TSB once a completion date for my sale in Highcliffe has been set?
No, you should continue meeting any mortgage payments to TSB pending the mortgage being paid off on completion as part of your Highcliffe conveyancing.