Do I have to have a meeting at the offices of the solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Hawkhurst so that I can pop in to their offices if necessary.
Most conveyancing panel lawyers for lenders carry out their work via the post, e-mail or over phone calls. This enables them to conduct the legal work for your home move regardless of where you live in England or Wales. Nevertheless you should see if you can still book an appointment to visit conveyancing lawyer if you prefer.
I got the keys to my home on 14 February and my personal details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Hawkhurst said it will be recorded inside ten days. Are transfers in Hawkhurst uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Hawkhurst registration formalities. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether there are errors and if the Land registry have to notify any interested parties. At present roughly three quarters of submission are fully addressed within two weeks but some can be subject to protracted delays. Historically registration is effected after the purchaser has moved in to the premises therefore 'speed' is not always primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.
I am buying a new build flat in Hawkhurst. Conveyancing is necessary evil 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 legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hawkhurst
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Hawkhurst is the location of the property. What do you suggest?
Flying freeholds in Hawkhurst are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hawkhurst you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hawkhurst may decide 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 premises.
Should I go with a Hawkhurst conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can carry out the legal formalities however they are based over three hundred kilometers drive away.
The primary upside of using a local Hawkhurst conveyancing practice is that you can drop in to sign documents, hand in your ID and pester them if necessary. Having local Hawkhurst know how is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were impressed that must outweigh using an unfamiliar Hawkhurst conveyancing solicitor just because they are Hawkhurst based.
Can you provide any top tips for leasehold conveyancing in Hawkhurst with the aim of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Hawkhurst can be reduced where you instruct lawyers the minute you market your property and ask them to put together the leasehold information needed by the buyers’ representatives. Some Hawkhurst leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors. You believe that you know the number of years remaining on your lease but you should verify this by asking your conveyancers. A purchaser's lawyer will not be happy to advise their client to where the lease term is below 80 years. In the circumstances it is important at an early stage that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have had any disputes with your freeholder or managing agents it is very important that these are settled prior to the flat being put on the market. The buyers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is clearly preferable to present the dispute as over as opposed to unresolved.
I bought a garden flat in Hawkhurst, conveyancing having been completed in 2000. Can you work out an approximate cost of a lease extension? Equivalent flats in Hawkhurst with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ends on 21st October 2091
You have 66 years unexpired we estimate the price of your lease extension to span between £12,400 and £14,200 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account 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.