I was recommended to a solicitor who has sent a quote for £1200 for no sale no fee conveyancing in Brighstone. I am selling a Georgian house for £300,000. Are these estimated fees excessive? Is it in excess of the average fee for conveyancing in Brighstone?
The charges are a bit high. If you are willing to expend time comparing quotes you may be able to reduce the fees slightly by as much as £125. On the other hand, you couldcome to rue choosing an an untested lawyer. Remember to enquire that the conveyancer can represent your bank. Do make use of our search tool to select a Brighstone conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Brighstone.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when buying a residence in Brighstone?
Unless a prior purchase of the property took place after 12 October 2013 you may expect conveyancing practitioners delivering conveyancing in Brighstone to remain recommending a chancel search and or insurance against a claim.
Just bought a terraced house in Brighstone , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Brighstone conveyancing solicitor works at snail pace, so I want to be sure the registration is dealt with.
There is nothing unique about conveyancing in Brighstone registration formalities. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether it is in order and if the Land registry communicate with any other persons or bodies. As of today roughly 80% of such applications are fully dealt with within two weeks but some can be subject to extensive hold-ups. Historically registration occurs after the new owner has moved in to the premises thus 'speed' is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.
About to purchase a new build flat in Brighstone. Conveyancing is daunting 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.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Brighstone
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Please supply a car parking plan. 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. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Brighstone I like with open areas and transport links nearby, the downside is that it only has 52 years on the lease. I can't really find anything else in Brighstone for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I own a leasehold house in Brighstone. Conveyancing and Coventry Building Society mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Brighstone who previously acted has now retired. What should I do?
First contact the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Brighstone conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Brighstone Conveyancing for Leasehold Flats - Sample of Questions you should consider before buying
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Does the lease contain onerous restrictions? It would be sensible to find out as much as you can regarding the company managing the building as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to every day issues such as the upkeep of the common parts. Don't be shy to ask prospective neighbours if they are happy with their service. In conclusion, find out the dates that the service charges are due to the relevant party and specifically what you get for your money. It is important to be aware if redecorating or some other major work is due shortly that will be shared between the leaseholders and could well dramatically impact the level of the service fees or result in a specific invoice.