All was ready to move into my new home in Eastbourne next Friday. My property lawyer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the bank. What risks does the bank expect the insurance to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not unique to conveyancing in Eastbourne.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who handled the conveyancing in Eastbourne 10 years ago have long since closed. What do I do?
You no longer need to have the physical official documentation to establish that you are the owner of your registered land or premises, as the Land Registry have everything they need in a digital format.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Eastbourne is where the house is located. Can you shed any light on this issue?
Flying freeholds in Eastbourne are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Eastbourne you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eastbourne may determine 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.
What makes your site different to alternative internet conveyancing solicitors for conveyancing in Eastbourne?
At this site obtain a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Eastbourne. Unlike many estate agents and many comparison sites we do not operate referral deals with solicitors. Many agents and online brokers 'recommend' solicitors that pays the highest commission, rather than the best value conveyancing in Eastbourne
I am 3 weeks into a leasehold purchase having been recommend to a firm by the selling agent to perform conveyancing in Eastbourne. We are not happy. Can you you assist me in finding new lawyers?
A lawyer would need to be very poor to suggest diss instructing them. Has the mortgage offer been generated? In the event that it has you must make them aware of the new contact details and have the offer are issued to the new lawyers. Your new conveyancer needs to be on the banks panel to avoid supplemental fees and delays. That should be your first question of the new solicitors. Our find a solicitor tool will assist you in finding a lender approved solicitor for your conveyancing in Eastbourne
I am on look out for some leasehold conveyancing in Eastbourne. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.
Assuming the lease is registered - and most are in Eastbourne - 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.
I bought a garden flat in Eastbourne, conveyancing was carried out September 1998. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Eastbourne with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease comes to an end on 21st October 2078
With only 55 years left to run we estimate the premium for your lease extension to range between £31,400 and £36,200 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.