Are the Polegate conveyancing solicitors identified as being on the HSBC conveyancing panel, together with their details provided by HSBC?
Polegate conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
Our lender has suggested a law firm on their panel based in Polegate but I would rather instruct a conveyancing lawyer in Polegate round the corner to me. Are you able to help?
Not all Polegate conveyancing firms are listed all banks conveyancing panel. Please make the most of our find an approved solicitor tool to find a Polegate conveyancing solicitor on the on the mortgage company panel.
I require expedited conveyancing in Polegate as I have an ultimatum to exchange contracts in less than 2 weeks. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not taking a home loan you are at free not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Polegate the following are instances of what can arise and adversely impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
My wife and I own a 4 bedroom Georgian house in Polegate. Conveyancing practitioner acted for me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the matching address. 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 Polegate and other areas of 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 check the situation with the conveyancing practitioner who completed the work.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Polegate is the location of the property. What do you suggest?
Flying freeholds in Polegate are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Polegate you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Polegate may determine 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 residence.
I am tempted by the attractive purchase price for a couple of maisonettes in Polegate both have about forty five years left on the lease term. Will this present a problem?
There is no doubt about it. A leasehold apartment in Polegate is a deteriorating asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the value of the premises. The majority of purchasers and lenders, leases with under eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Polegate conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Polegate Conveyancing for Leasehold Flats - A selection of Queries before buying
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The majority of Polegate leasehold flats will be liable to pay a service charge for the upkeep of the block invoiced on behalf of the landlord. Should you purchase the apartment you will have to pay this amount, normally periodically accross the year. This could vary from a few hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a rentcharge for you to pay yearly, ordinarily this is not a large figure, say about £25-£75 but you should to check as sometimes it could be many hundreds of pounds. How many years are left on the lease? You should be aware if it is no more than eighty years it will affect the value of the apartment. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering how much this would cost. For most Polegatelease extensions you would need to own the property for 24 months in order to be entitled to extend the lease.