Why do I have to pay up front for conveyancing in St Helier?
If you are buying a property in St Helier your lawyer will request that you put them with monies to cover the search fees. Normally this is requested to cover the fees of the Local Authority Search. If any down payment is payable against the sale price then this will be asked for immediately ahead of exchange of contracts. Any further balance that is needed should be sent to your lawyer a few days ahead of the day of completion.
Do I need to take out insurance to address the risk of chancel repairs when buying a property in St Helier?
Unless a prior acquisition of the property took place post 12 October 2013 you can expect lawyers handling conveyancing in St Helier to remain recommending a chancel search and or chancel repair liability insurance.
I have todaydiscovered that Stirling Law have been shut down. They conducted my conveyancing in St Helier for a purchase of a freehold house 18 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of St Helier conveyancing specialists.
I have been on the look out for a flat up to £235,500 and identified one close by in St Helier I like with amenity areas and railway links nearby, however it's only got 61 years on the lease. There is not much else in St Helier suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
My cousin has suggested that I appoint his conveyancers in St Helier. Should I choose my own solicitor?
There are no two ways about it the ideal way to find a conveyancing lawyer is to have feedback from friends or family who have actually experience in using the solicitor that you are considering.
I am attracted to a couple of apartments in St Helier which have in the region of fifty years unexpired on the leases. Will this present a problem?
There are plenty of short leases in St Helier. The lease is a legal document that entitles you to use the property for a period of time. As a lease shortens the value of the lease decreases and results in it becoming more costly to extend the lease. This is why it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this field.
I have had difficulty in trying to purchase the freehold in St Helier. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a St Helier conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a St Helier property is Buchanan Court 39 Vernon Road in April 2010. the Tribunal assessed that the premium payable for the freehold of the block should be £44,000. This case related to 2 flats. The unexpired lease term was 66.67 years.