Is it realistic for conveyancing in Hastings to be done inside two weeks?
Where you are under a tight deadline to sign contracts we would recommend that your solicitor is familiar with the location as they will benefit local connections and knowledge. It is even conceivable that they would have transacted previoushouses in the same street. Therefore consider using a Hastings conveyancing firm. Second, double check that the lawyer is on the member panel. It is believed that just under twenty per cent of Hastings conveyancing transactions are frustrated or derailed after discovering a buyer’s conveyancer was not on their mortgage lender’s panel. In many cases this discovery resulted in the legal transfer of property being frustrated by an average of three weeks. It is understood that this issue impacts in the region of one hundred thousand home sales every year. Most Hastings conveyancing practices can not act for certain lenders so do check as early as possible.
Are the Hastings conveyancing solicitors identified as being on the Nationwide conveyancing panel, together with their details provided by Nationwide?
Hastings conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
My wife and I own a 4 bedroom Georgian property in Hastings. Conveyancing solicitor acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hastings and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing solicitor who conducted the purchase.
I am buying a new build apartment in Hastings. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hastings
Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the guidance of my in-laws I had a survey completed on a house in Hastings before retaining solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend refuse to issue a loan on such a premises.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hastings. Conveyancing will be smoother if you use a solicitor in Hastings especially if they are accustomed to such properties in Hastings.
I've found a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a leasehold house in Hastings. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Hastings ?
The majority of houses in Hastings are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Hastings so you should seriously consider shopping around for a Hastings conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the maintenance of the estate where the property is part of an estate. Your lawyer will advise you fully on all the issues.
I am the registered owner of a basement flat in Hastings, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Corresponding properties in Hastings with a long lease are worth £180,000. The ground rent is £65 yearly. The lease terminates on 21st October 2079
You have 58 years remaining on your lease we estimate the premium for your lease extension to be between £22,800 and £26,400 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.