I instructed a Waterhouses based firm for my conveyancing in Waterhouses yesterday. Upon checking the Terms and Conditions I seewe are on the hook for costs even if our purchase doesn't happen. Would I be best advised to choose a web based firm who offer no-sale-no-fee conveyancing in Waterhouses?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the fee levels will tend to be be higher to cover those conveyances that fail to complete. Dont forget that these deals tend not to protect you from expenditure such as Waterhouses conveyancing search costs.
I got the keys to my apartment on 4 September and the transaction details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Waterhouses advises it should be registered inside ten days. Are titles in Waterhouses uniquely lengthy to register?
As far as conveyancing in Waterhouses registration is no faster or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can differ subject to the party submitting the application, whether there are errors and whether the Land registry communicate with any other parties. At present approximately 80% of submission are completed in less than three weeks but some can be subject to longer delays. Registration takes place once the buyer is living at the property so 'speed' is not usually primary concern yet if there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for an expedited registration.
I decided to have a survey completed on a property in Waterhouses prior to instructing conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Waterhouses. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Waterhouses to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for freehold conveyancing in Waterhouses. I have chance upon a web site which appears to be the ideal solution If there is a chance to get all formalities done via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am a negotiator for a busy estate agency in Waterhouses where we have experienced a few leasehold sales put at risk as a result of short leases. I have received contradictory information from local Waterhouses conveyancing firms. Can you clarify whether the owner of a flat can commence the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner 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 to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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.
Waterhouses Conveyancing for Leasehold Flats - A selection of Questions you should consider before Purchasing
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Are any of leasehold owners in arrears of their service charge payments? This question is helpful as a) areas can cause problems for the block as the communal areas may begin to deteriorate where repairs remain unpaid b) if the leasehold owners have an issue with the running of the building you will need to know about it How long is the Lease?
Why do Waterhouses conveyancing fees are higher for leasehold and freehold properties?
When acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control