We were about to choose a conveyancing solicitor in Kesgrave found by you but have come across some other fee calculations via the web look cheaper – why is this?
There are numerous conveyancers advertising at first sight what seems to be cut price. We would urge you to give due consideration as to how important this transaction is to you that you are willing to be penny wise pound foolish concerning the quality of the conveyancing. Some hide extras well inside the terms of business. The law firms that we list for conveyancing in Kesgrave neverdo this.
My partner and I have recently purchased a property in Kesgrave. We have noticed several issues with the property which we suspect were omitted in the conveyancing searches. What action can we take? Can you clarify the type of searches that should have been carried out for conveyancing in Kesgrave?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Kesgrave. Conveyancing searches and investigations undertaken during the buying process are supposed to help avoid problems. As part of the legal transfer of property, a property owner answers a form referred to as a Seller’s Property Information Form. answers provided is misleading, you could possibly take legal action against the seller 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 Kesgrave.
I have Fifty Six years left on my lease and require a lease extension for my flat in Kesgrave. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 30/4/2025 the requirements read as follows :
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Kesgrave I like with a park and railway links nearby, however it only has 49 years on the lease. I can't really find anything else in Kesgrave suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
My wife and I purchased a leasehold flat in Kesgrave. Conveyancing and Accord Mortgages Ltd mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Kesgrave who previously acted has long since retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Kesgrave conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Kesgrave - Examples of Queries before Purchasing
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Does the lease have onerous restrictions? How many of the leaseholders are in arrears for their service charge payments? Most Kesgrave leasehold properties will be liable to pay a service charge for maintenance of the block invoiced by the freeholder. If you buy the property you will have to pay this charge, normally periodically during the year. This could be anything from a few hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a ground rent to be met yearly, normally this is not a large sum, say about £25-£75 but you should to enquire it because on occasion it could be prohibitively expensive.
Our conveyancing in Kesgrave is completing on Friday, however the couple I am buying off has asked to vacate 24 hours later at midday. Do I agree to such a plan?
In situations where you require a loan then your property lawyer will require that you have vacant possession on Friday - the lender will compel it.