I am need of leasehold conveyancing for an apartment in a relatively new development (6 years built) in Andover. The vast majority the properties are already sold. Do I need carry out the local searches as part of conveyancing in Andover?
Conveyancing Searches are a vital link in the Andover conveyancing process. There are hundreds companies who offer Andover conveyancing searches, as well straight from the local authority. These are known collectively as personal search providers due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must obtain their data from the local authority.
I need some expedited conveyancing in Andover as I have a deadline to complete inside 4 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at liberty not to do searches although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Andover the following are examples of issues that can crop up and adversely affect future saleability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Unadopted Roads,...
I decided to have a survey carried out on a property in Andover ahead of instructing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some banks tend refuse to give a loan on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you e-mail us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Andover. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Andover to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in Andover and I am already nervous. I couldn't find anything specific about Andover. Conveyancing will be needed in due course but do you know about the Andover area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Andover. In the meantime here are some basic statistics that we found
Can you provide any top tips for leasehold conveyancing in Andover from the perspective of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Andover can be avoided if you appoint lawyers as soon as your agents start marketing the property and request that they start to put together the leasehold information needed by the purchasers’ representatives. Many freeholders or managing agents in Andover charge for providing management packs for a leasehold premises. You or your lawyers should discover the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Andover. If you hold a share in a the Management Company, you should ensure that you are holding the original share document. Obtaining a replacement share certificate is often a lengthy process and slows down many a Andover home move. Where a duplicate share certificate is required, you should approach the company officers or managing agents (if relevant) for this at the earliest opportunity. If there is a history of conflict with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be warry about purchasing a property where there is an ongoing dispute. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic rather than ongoing.
I acquired a basement flat in Andover, conveyancing having been completed in 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Andover with a long lease are worth £185,000. The ground rent is £65 yearly. The lease runs out on 21st October 2081
You have 60 years left to run the likely cost is going to span between £20,000 and £23,000 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
I have chosen a Andover conveyancing solicitor for our home move (novice purchasers) and have picked up in the engagement letter that they are not covered by the FCA. Am I right to be concerned or is that usually the case with conveyancer?
We can't see why they should be. Most solicitor don't lend money. You should check that they are regulated by the SRA, who have strict conditions in place on monies deposited by them.