I have recentlybeen informed that Action Conveyancing have closed. They conducted my conveyancing in Crowborough for a purchase of a leasehold flat 18 months ago. How can I check that my home is in my name in the name of the previous owner?
The quickest method to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Crowborough conveyancing specialists.
I opted to have a survey done on a property in Crowborough before retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some banks will not grant a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you contact us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Crowborough. Conveyancing will be smoother if you use a solicitor in Crowborough especially if they are accustomed to such properties in Crowborough.
I am looking into buying my first house which is in Crowborough and I am already nervous. I couldn't find anything specific about Crowborough. Conveyancing will be needed in due course but do you know about the Crowborough area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Crowborough. In the meantime here are some basic statistics that we found
I am using a search engine for the words on line conveyancing in Crowborough it reveals numerous property lawyerslocally. How do I determine which is the right property lawyer for my move?
The preferential way of seeking the right conveyancer is via trusted recommendation, so seek the opinion of friends and those you trust who have acquired a property in Crowborough or a reputable estate agent or financial adviser. Charges for conveyancing in Crowborough differ, so it's sensible to secure at least three estimates from different property lawyers. Be sure to secure confirmation that the fees are fixed.
Having had my offer accepted I require leasehold conveyancing in Crowborough. Before I set the wheels in motion I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in Crowborough - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Crowborough - Sample of Queries before Purchasing
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Most Crowborough leasehold flats will have a service charge for the upkeep of the building levied by the management company. Should you buy the property you will have to pay this charge, normally periodically accross the year. This can be anything from a few hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge for you to pay yearly, normally this is not a significant figure, say about £25-£75 but you need to check it because occasionally it can be surprisingly expensive. On the whole the outlay for major works are not included within service charges, albeit that a few managing agents in Crowborough require leaseholders to contribute towards a reserve fund created for the specific intention of establishing a fund for major repairs or maintenance.
We own a leasehold flat in Crowborough. Conveyancing was completed in five years ago. I have read on various consumer forums that I should not allow the lease length fall too short. Why is that a problem?
Crowborough leasehold properties are for a fixed period - normally ninety nine years when they are first granted. However many flats in Crowborough were constructed or converted 20 or more years ago and so such leases now have less than 80 years remaining. This may sound like plenty of time however Banks, Building Societies and other mortgage institutions on the whole need leases to have at least seventy five years left to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are approaching seventy five years. To optimize your property value you should be thinking about whether or not to extend your lease well in advance of selling the property. Furthermore strong financial reasons to doing so before the lease reaches even 80 years as when the lease falls below eighty years the amount to be paid to extend starts to escalate.