I have a decision in principle. The lender mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would prefer to use a Long Ashton based conveyancing firm?
Do check but the chances are that appoint one of their panel lawyers where you want the "fee-free" offer. Speak to the bank and determine if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Long Ashton.
Should our solicitor be raising questions regarding flooding as part of the conveyancing in Long Ashton.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Long Ashton. Some people will buy a property in Long Ashton, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, however there are a various checks that may be initiated by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Long Ashton. The conventional set of completed inquiry forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the owner to determine if the property has suffered from flooding. In the event that the residence has been flooded in past which is not notified by the seller, then a purchaser may commence a claim for damages as a result of such an inaccurate reply. A buyer’s conveyancers may also order an environmental search. This should higlight whether there is a recorded flood risk. If so, additional investigations should be carried out.
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Long Ashton I like with a park and station nearby, however it's only got 51 years on the lease. I can't really find anything else in Long Ashton suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
Hoping to buy a property located in Long Ashton and I am already nervous. I couldn't find anything specific about Long Ashton. Conveyancing will be needed in due course but do you know about the Long Ashton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Long Ashton. In the meantime here are some basic statistics that we found
I am one month into a leasehold purchase having been recommend to a firm by the high street agent to execute conveyancing in Long Ashton. I am not happy. Can you you assist me in finding new solicitors?
They would have to be really bad to suggest changing them. Has your mortgage been issued? If so you need to inform them of the new lawyer and have the offer are re-sent. Your conveyancer should be on the mortgage company panel to avoid added charges and complications. So that should be your starting point. Our search tool can help you find a lender approved conveyancer for your conveyancing in Long Ashton
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £200,000 apartment in Long Ashton on Monday in a week. The management company has quoted £336 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Long Ashton?
For most leasehold sales in Long Ashton conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering pre-exchange enquiries
Where consent is required before sale in Long Ashton
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Long Ashton Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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Its a good idea to find out as much as possible about the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to practical matters like the upkeep of the common parts. Don't be afraid to ask prospective neighbours what they think of them. Finally, be sure you discover the dates that you are obliged pay the maintenance charge to the managing agents and precisely how they are spending the funds. What is the annual maintenance fee and ground rent?