Me and my partner are purchasing a flat in New Milton. I might seem paranoid but how we can trust a lawyer? At some point we have to deposit our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I happen to be the only recipient of my late father’s will with all property in now in my sole name, including the my former home in New Milton. The New Milton property was put into my name in July. I want to move. I understand that there is a CML 6 month 'rule', meaning my proprietorship may be regarded the same way as if I'd bought the property in July. Do I have to wait half a year to sell?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. many banks would take a sensible view as this obligation is chiefly there to identify subsales or the flipping of properties.
is it true that all New Milton solicitors on the Kent Reliance conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Kent Reliance conveyancing panel they would need to be governed by the SRA. Some lenders do allow licenced conveyancers on their panel and in such a situation the firms would be overseen by the CLC.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who handled the conveyancing in New Milton 10 years ago are no longer around. What do I do?
Gone are the days when you need to hold title official documentation to establish that you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in New Milton I like with a park and station in the vicinity, however it only has 61 years on the lease. I can't really find anything else in New Milton in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the shortness of the lease will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and pass 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.
I am a sole trader wishing to take over a lease of a shop on a shopping parade. Can you recommend solicitors offering fixed charges for commercial conveyancing in New Milton for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in New Milton, including the sale and purchase of businesses as well as simply property. Whether you are intending to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. As for the fees this will depend on the structure and terms of the deal. Please provide us with your contact information or telephone us so that we may provide you with comprehensive commercial conveyancing quote.
I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have subsequently been informed that it's a leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in New Milton. Conveyancing advisers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in New Milton ?
Most houses in New Milton are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in New Milton so you should seriously consider shopping around for a New Milton conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the communal areas where the property is located on an estate. Your solicitor will advise you fully on all the issues.
I invested in buying a ground floor flat in New Milton, conveyancing formalities finalised November 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in New Milton with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease expires on 21st October 2092
With just 67 years remaining on your lease we estimate the price of your lease extension to be between £10,500 and £12,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should 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 clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
Been on the hunt for a conveyancer for leasehold sale conveyancing in New Milton. I'm selling, simple no mortgage to redeem, no rush, currently vacant. Had a quote from a conveyancer for nine hundred pounds excluding VAT which is a tad high considering its so straightforward. Can I pay less for conveyancing in New Milton?
As it’s a sale only, £425 + VAT is likely to be about the cheapest for a New Milton solicitor firm.