Can you explain why leasehold purchase conveyancing in Southwick is more expensive?
The conveyancing charges on a leasehold premises in Southwick is frequently greater when contrasted to a freehold residence. This is because there is an amount of supplemental time necessary in liaising with the freeholder and managing agents to collate the evidence concerning whether the rent and maintenance fee have been discharged and whether there are any major works due in the near future on repairs or maintenance of the block.
We previously instructed conveyancers locally in Southwick on the Bank of Ireland solicitor approved list. They have just invoiced me an additional fee for dealing with the Bank of Ireland mortgage. Is this a supplemental conveyancing fee specified by Bank of Ireland?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your solicitor is entitled to levy a fee for this. This fee is not set by Bank of Ireland but by your Southwick conveyancing practitioner. Plenty of firms on the Bank of Ireland panel will charge ’dealing with mortgage’ fee but plenty of firms include it on their overall fee.
Can I be sure that the Southwick conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Southwick getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer handling your conveyancing.
Our sealed bid on a house in Southwick has been agreed to, but there is a chain. The sellers have put an offer on somewhere, but it’s not been accepted yet, and have viewings of other flats booked. I have chosen a high street conveyancing solicitor in Southwick. What should be my next step? When should I get the mortgage application with Nottingham going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then valuation, Southwick conveyancing search charges, etc). The first course of action is to ensure that your conveyancing practitioner is on the Nottingham conveyancing panel. As to the next stages this very much depends on the specifics of your transaction, desire for the property and on the state of the market. In a rising market some purchasers will apply for the mortgage with Nottingham and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to move forward with the conveyancing in Southwick.
My wife and I are close to exchanging contracts on the sale of our property in Southwick and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the buyers are using a national conveyancing practice as opposed to a conveyancing solicitor in Southwick. Having lived in Southwick for many years we know of no issue. Should we get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Over the last few months I have been searching for a flat up to £235,500 and found one close by in Southwick I like with amenity areas and transport links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Southwick in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a home loan that many years may be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign 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 about this matter.
Due to complete next month on a garden flat in Southwick. Conveyancing solicitors inform me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Southwick should include some of the following:
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What you can do if an adjoining owner is in violation of a provision in their lease? Who has the liability for repairing the window frames Advice as to the provision as set out in the lease to pay service charges - in relation to the building, and the wider rights a tenant has Are pets allowed in the flat? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
I purchased a ground floor flat in Southwick, conveyancing was carried out May 1999. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Southwick with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease comes to an end on 21st October 2089
With 64 years remaining on your lease the likely cost is going to range between £15,200 and £17,600 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
My mother and father cant seem to find their Southwick property on the HM Land Registry site. They recall that back in the 70’s when they bought the bungalow there were complications with Southwick not being identified on some systems.
Almost all residences in Southwick should be revealed. Have you tried a search to simply the postcode. Usually it should disclose all the properties within the postcode. Where registered it will be there with a title number. If they bought 48 years ago it's conceivable it may be unrecorded. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to find the original title deeds which might be with your parent’s mortgage company.