My fiance’s brother is a conveyancer. I anticipate that I'll be able to get mate’s rates for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in West Byfleet?
You should contrast pricing. Make use of our comparison tool on this page. You will notice that prices will contrast greatly but the service one can expect differ between property lawyers as is true with most professions.
three months have elapsed since my purchase conveyancing in West Byfleet completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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.
How does conveyancing in West Byfleet differ for newly converted properties?
Most buyers of new build property in West Byfleet approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because builders in West Byfleet usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in West Byfleet or who has acted in the same development.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in West Byfleet I like with a park and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in West Byfleet in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. 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 at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Hoping to buy a property located in West Byfleet and I am already nervous. I couldn't find anything specific about West Byfleet. Conveyancing will be needed in due course but do you know about the West Byfleet area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at West Byfleet. In the meantime here are some basic statistics that we found
I am employed by a reputable estate agency in West Byfleet where we have experienced a few flat sales derailed as a result of short leases. I have received conflicting advice from local West Byfleet conveyancing firms. Please can you shed some light as to whether the vendor of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 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 purchaser.
Leasehold Conveyancing in West Byfleet - A selection of Queries before buying
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The answer will be important as a) areas may result in problems for the building as the common areas may start to deteriorate if maintenance remain unpaid b) if the leasehold owners have an issue with the running of the building you will need to have all the details You should want to discover as much as you can regarding the managing agents as they can either make your life much easier or problematic. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day issues such as the upkeep of the communal areas. Enquire of prospective neighbours if they are happy with them. On a final note, be sure you discover the dates that the maintenance fees are due to the appropriate party and precisely what it includes. Who is in charge of the building?