How do I identify auction conveyancing in Arundel?
First ask connections who they would recommend.
Second, look on the internet for conveyancing in Arundel. Telephone two or three from the list and ask them to email you their conveyancing charges and discuss your needs with the solicitor who will handle your conveyancing in advance ofcommitting.
Third is to use our search tool to assist you in finding the right solicitors for you based on your own requirements including location,speed, complications and who your intended mortgage company is. Do not be fooled by low cost conveyancing in Arundel
Is there a search tool that I can utilise to discover of the solicitor carrying out my conveyancing in Arundel is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Virgin Money thus spending £192.00 in additional conveyancing invoice.
You should take advantage of the search tool on this site. Please choose the lender and type ‘Arundel’ or your location and you will discover a number of lawyer based in Arundel or nearest you.
Should my solicitor be making enquiries regarding flooding during the conveyancing in Arundel.
Flooding is a growing risk for solicitors carrying out conveyancing in Arundel. Plenty of people will acquire a house in Arundel, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, however there are a number of searches that can be carried out by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Arundel. The standard property information forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to discover if the property has suffered from flooding. In the event that flooding has previously occurred and is not notified by the seller, then a purchaser may issue a compensation claim as a result of such an misleading response. A buyer’s conveyancers may also commission an environmental search. This should disclose if there is any known flood risk. If so, more detailed investigations will need to be carried out.
I am buying a new build flat in Arundel. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Arundel
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Arundel is the location of the property. Can you offer any advice?
Flying freeholds in Arundel are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Arundel you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Arundel may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Do you have any top tips for leasehold conveyancing in Arundel from the point of view of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Arundel can be avoided if you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold documentation which will be required by the buyers’ representatives. You believe that you know the number of years left on your lease but it would be advisable double-check by asking your conveyancers. A purchaser's lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is below 75 years. It is therefore essential at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. Many freeholders or Management Companies in Arundel levy fees for providing management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Arundel. 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 buyers and their solicitors will be nervous about purchasing a property where there is a current dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over rather than unresolved. Some Arundel leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers.
I invested in buying a studio flat in Arundel, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Equivalent properties in Arundel with an extended lease are worth £211,000. The average or mid-range amount of ground rent is £50 per annum. The lease terminates on 21st October 2093
With 68 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.