It has taken forever and a day but a mortgage offer from NatWest for the remortgage of my single bedroom flat is to be issued by the end of next week. Are you able to propose a cheap conveyancing solicitor in Newhaven?
You have arrived at the wrong place to search for the lowest fares for conveyancing in Newhaven. Our intention is to offer cost effective conveyancing but we do not aim to advertise as being the cheapest. Do not be fooled by organisations teasing you with £99 conveyancing in Newhaven. The optimum result, in being led by low cost conveyancing, you will earn what you pay for and at worst you will end up with a hefty uplift in extras and still not receive the service required.
We're in Newhaven, FTBs buying with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I bought my home on 14 April and my personal details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Newhaven expressed confidence that it will be recorded inside ten days. Are properties in Newhaven uniquely lengthy to register?
As far as conveyancing in Newhaven is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timeframes can differ according to the party submitting the application, whether it is in order and whether the Land registry need to notify any interested persons or bodies. Currently roughly three quarters of submission are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Historically registration occurs after the new owner has moved in to the premises therefore 'speed' is not usually primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Newhaven I like with amenity areas and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Newhaven suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I'm refinancing my current house to a buy to let mortgage with Barclays Direct and I will use the rest of the raised equity towards further property. The area we are looking at is Newhaven. Will your solicitors be able to act for the two lenders and link together the transactions?
Do use our search tool on this site to be sure that the lawyers are on the appropriate lender panels. Assuming that they are the conveyancer should be able to tie up the two deals but you should talk with you conveyancer and specify your expectations and requirements.
I've recently bought a leasehold flat in Newhaven. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a leasehold flat in Newhaven, conveyancing formalities finalised July 2000. Can you work out an approximate cost of a lease extension? Equivalent properties in Newhaven with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 per annum. The lease comes to an end on 21st October 2086
With 62 years remaining on your lease we estimate the price of your lease extension to span between £17,100 and £19,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.