I opted for a local solicitor for my conveyancing in Steyning recently. After carefully reading the small print it is apparent thatwe are on the hook for charges even if the dealfalls through. Should I go with them or instruct an internet conveyancing company promising no completion no charge conveyancing in Steyning?
Generally there is a concession along the lines that if "No Sale No Fee" is offered then the fee levels will generally be higher to counteract those cases that fail to complete. Please beware that such offerings tend not to cover expenditure for instance Steyning conveyancing search costs.
Please explain the implications if my solicitor is suspended from the Leeds Building Society Conveyancing panel ahead of completing my conveyancing in Steyning?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My relative suggested that where I am purchasing in Steyning I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Steyning conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Steyning around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Steyning.
Are there restrictive covenants that are commonly identified during conveyancing in Steyning?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Steyning. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My step-father has urged me to use his lawyers for conveyancing in Steyning. Should I use them?
There are no two ways about it the best way to find a conveyancing practitioner is to seek feedback from friends or family who have used the conveyancer you're are thinking of instructing.
Having had my offer accepted I require leasehold conveyancing in Steyning. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Steyning - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a basement flat in Steyning, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Steyning with over 90 years remaining are worth £207,000. The ground rent is £60 charged once a year. The lease ends on 21st October 2082
With just 57 years remaining on your lease we estimate the premium for your lease extension to span between £28,500 and £33,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.