My wife and I have recently purchased a house in Kemp Town. We have since encountered a number of issues with the property which we suspect were missed in the conveyancing searches. Is there anything we can do? What searches should? have been ordered as part of conveyancing in Kemp Town?
The query is not clear as what problems have arisen and if they are specific to conveyancing in Kemp Town. Conveyancing searches and due diligence initiated during the buying process are carried out to help avoid problems. As part of the process, the vendor answers a questionnaire called a SPIF. answers provided is inaccurate, then you may have a claim against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Kemp Town.
What does my ID and proof of funds have anything to do with my conveyancing in Kemp Town? What am I being asked for?
To satisfy the Money Laundering Regulations any Kemp Town conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account showing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are duty bound to investigate not just the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Should commercial conveyancing searches disclose impending roadworks that may affect a commercial property in Kemp Town?
Many commercial conveyancing solicitors in Kemp Town will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Kemp Town. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Kemp Town.
For each commercial conveyancing transaction in Kemp Town it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Kemp Town commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Kemp Town.
Due to the input of my in-laws I had a survey completed on a house in Kemp Town in advance of instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some lenders tend not issue a mortgage on such a home.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kemp Town. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kemp Town to see if the conveyancing costs will increase in light of this.
All being well we will complete the disposal of our £350,000 maisonette in Kemp Town in six days. The management company has quoted £384 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Kemp Town?
Kemp Town conveyancing on leasehold apartments often requires the buyer’s lawyer sending questions for the landlord to address. Although the landlord is under no legal obligation to respond to such questions most will be willing to do so. They may levy a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some situations it is above £800. The management information fee levied by the landlord must be sent together with a summary of entitlements and obligations in respect of administration fees, otherwise the charge is technically not due. In reality you have little choice but to pay whatever is demanded if you want to complete the sale of your home.
I inherited a basement flat in Kemp Town, conveyancing was carried out in 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Kemp Town with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 yearly. The lease finishes on 21st October 2076
With only 51 years remaining on your lease the likely cost is going to be between £30,400 and £35,200 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
My partner is purchasing a garden flat in Kemp Town. He has received a fee estimate by the conveyancing practitioner recommended by the selling agents and it came to £1156 . It was eight years ago since I sold and bought a home and the bill was £just under six hundred pounds. Have fees really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Kemp Town searches, land registry fees, etc)