This question may be naive but I am unseasoned as a first time purchaser of a two bedroom flat in Little Hampton. Do I receive the keys to the property on completion from my lawyer? If this is the case, I will instruct a High Street conveyancing solicitor in Little Hampton?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the owner’s lawyers, and once they have received this, you should be invited to receive the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
When it comes to mortgage companies such as Kent Reliance, do Little Hampton conveyancers incur a fee to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
I'm in the throws of looking at houses in Little Hampton and I am about to put in an offer. Should I already have a solicitor in place at this stage? I am planning to take a mortgage with Yorkshire BS.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are obtaining a mortgage with Yorkshire BS, make sure you remember to check that your lawyer is on the Yorkshire BS conveyancing panel.
We are purchasing a house and the lawyer has referenced Chancel Repair to which the property may be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this really necessary for conveyancing in Little Hampton
Unless a prior purchase of the property took place after 12 October 2013 you can take it that solicitors carrying out conveyancing in Little Hampton to remain recommending a chancel search and or chancel repair liability policy.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Little Hampton is where the house is located. What do you suggest?
Flying freeholds in Little Hampton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Little Hampton you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Little Hampton may decide 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 premises.
In my capacity as executor for the estate of my uncle I am disposing of a house in Monmouth but I am based in Little Hampton. My solicitor (approximately 200 kilometers awayrequires that I execute a stat dec before completion. Could you suggest a conveyancing solicitor in Little Hampton to attest and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Little Hampton
I’m about to sell my 2 bed flat in Little Hampton. Conveyancing has not commenced, but I have recently received a quarterly maintenance charge demand – Do I pay up?
It best that you discharge the maintenance contribution as usual given that all ground rent and maintenance invoices should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents 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. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a split level flat in Little Hampton, conveyancing was carried out February 2007. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Little Hampton with a long lease are worth £222,000. The ground rent is £50 charged once a year. The lease ends on 21st October 2096
You have 71 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
My fiance and I are planning to purchase a 2 room ground floor flatin Little Hampton with a residential mortgage from a mortgage company. We wish to instruct our solicitor in Little Hampton however our mortgage company inform us now that she’s not on their "panel". It seems we have little choice but to instruct one of the our lender panel firms or stay with our Little Hampton solicitor and incur the extra costs for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage company home loan offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender's conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels, including most conveyancing solicitors in Little Hampton : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your bank.