Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a residence in Portslade?
Unless a previous acquisition of the property completed after 12 October 2013 you could expect lawyers carrying out conveyancing in Portslade to remain encouraging a chancel search and or chancel repair liability policy.
It has been four months since my purchase conveyancing in Portslade took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a flat up to £195,000 and found one round the corner in Portslade I like with open areas and station nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Portslade suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the shortness of the lease may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
What makes your site different to other internet conveyancing brokers when it comes to conveyancing in Portslade?
At this site obtain an accurate quote via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Portslade. Unlike many estate agents and brokerage sites we do not charge firms a fee if you select them for your property ownership legalities in Portslade
What advice can you give us when it comes to choosing a Portslade conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a Portslade conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Portslade conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
-
Can they put you in touch with clients in Portslade who can give a testimonial? What volume of lease extensions have they conducted in Portslade in the last 12 months?
Portslade Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
-
The answer will be important as a) areas can cause problems for the block as the common areas may start to deteriorate where services remain unpaid b) if the tenants have an issue with the running of the building you will want to have all the details Are any of leasehold owners in arrears of their service charge liability?
Why do I have to supply my conveyancer with a list of items of identification before I can proceed with my conveyancing in Portslade?
Portslade conveyancing practitioners are obliged by the Law Society, Solicitors Regulation Authority, HMLR and current AML legislation to record that the have checked the identity of their clients. It will also be a requirement of your bank if you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have information such as your full names, NI number and DOB.