Can you explain why leasehold purchase conveyancing in Guildford costs more?
In short, leasehold conveyancing in Guildford and Surrey usually warrants more hours of investigation compared to freehold transactions. This includes reviewing the lease, liaising with the landlord concerning the service of appropriate notices, obtaining up-to-date service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.
I require quick conveyancing in Guildford as I am faced with pressure to sign on the dotted line inside 4 weeks. Thankfully I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not getting a mortgage you have the choice not to have searches conducted although no law firm would suggest that you don't. With lots of history conveyancing in Guildford the following are examples of what can appear and therefore affect future mortgageability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Railway Schemes,...
Taking into account that I will soon part with £400,000 on 3 bedroom house in Guildford I would like to talk to a solicitor regarding theconveyancing before giving the go ahead to the firm. Can this be arranged?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your conveyancing in Guildford.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter number. The practices that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Guildford should be the amount on the final invoice that you are charged.
I am four weeks into a residential purchase having been referred to a firm by the estate agent to handle our conveyancing in Guildford. I am not happy. Can you you assist me in finding new lawyers?
They would have to be really bad to suggest changing them. Has your mortgage offer been sent? In the event that it has you must inform them of the new lawyer and ensure the offer are re-sent. The conveyancer should be on the mortgage company panel to avoid added costs and frustration. So that should be your first question of the new conveyancers. Our find a solicitor tool will help you find a bank approved lawyer for your home move in Guildford
I am a negotiator for a busy estate agency in Guildford where we have witnessed a number of flat sales put at risk as a result of short leases. I have received inconsistent advice from local Guildford conveyancing firms. Could you clarify whether the owner of a flat can commence the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Guildford Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
-
The majority of Guildford leasehold flats will have a service charge for the upkeep of the block set by the landlord. Where you buy the property you will have to pay this amount, normally quarterly during the year. This can vary from a few hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent for you to pay yearly, this is usually not a significant figure, say around £25-£75 but you should to enquire it because occasionally it can be many hundreds of pounds. Is anyone aware of any major works in the near future that will likely increase the service fees?
Do online conveyancing companies undertake everything a local Guildford solicitor does or must I use a solicitor for the final stages for my conveyancing in Guildford?
Where you choose an online conveyancer they will undertake all the work your Guildford conveyancer would cover.