We are looking to buy a property and require a conveyancing solicitor in Pevensey who is on the Principality approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Pevensey.
Me and my brother have a semi-detached Edwardian property in Pevensey. Conveyancing practitioner acted for me and Virgin Money. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Pevensey and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing solicitor who conducted the conveyancing.
I am buying my first flat in Pevensey with a loan from Clydesdale. The developers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not reveal to my solicitor about the deal as it will impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As co-executor for the will of my grandmother I am selling a house in Newport but live in Pevensey. My lawyer (based 300 miles from mehas requested that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing solicitor in Pevensey who can witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Pevensey based
I am a negotiator for a busy estate agent office in Pevensey where we have witnessed a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given contradictory information from local Pevensey conveyancing firms. Please can you shed some light as to whether the seller of a flat can initiate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a split level flat in Pevensey, conveyancing having been completed in 2010. Can you work out an approximate cost of a lease extension? Similar properties in Pevensey with over 90 years remaining are worth £216,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2092
You have 68 years left to run the likely cost is going to span between £9,500 and £11,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
I have just had an offer accepted on a leasehold flat in Pevensey and the mortgage adviser that we are using suggested his conveyancer. He quoted £800 excluding VAT and 3rd party costs. Does this sound like a good deal?
You should not rely on 1 estimate. One should obtain like-for-like quotes for your conveyancing in Pevensey. Then choose one that you trust and crucially, is on the approved list of the bank that you have applied for a mortgage from.