What can a local search reveal concerning the house we're purchasing in Seaford?
Seaford conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as Xpress Legal The local search plays an important role in many a Seaford conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I have justdiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Seaford for a purchase of a freehold house 12 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Seaford conveyancing specialists.
I opted to have a survey carried out on a property in Seaford prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks will not give a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Seaford. Conveyancing will be smoother if you use a solicitor in Seaford especially if they are accustomed to such properties in Seaford.
My brother has recommend that I appoint his conveyancers in Seaford. Do I follow his recommendation?
No doubt the best way to select a conveyancing solicitor is to seek feedback from friends or family who have experience in using the firm you're contemplating using.
I am employed by a reputable estate agent office in Seaford where we see a number of leasehold sales put at risk due to leases having less than 80 years remaining. I have been given conflicting advice from local Seaford conveyancing firms. Please can you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I purchased a 2 bed flat in Seaford, conveyancing having been completed in 2009. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Seaford with over 90 years remaining are worth £191,000. The ground rent is £55 invoiced every year. The lease finishes on 21st October 2074
With 53 years unexpired we estimate the price of your lease extension to span between £27,600 and £31,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered 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.
I have just had an offer accepted on a leasehold flat in Seaford and the mortgage adviser that we are using recommended his property lawyer. They quoted £900 plus VAT and 3rd party costs. Does this sound reasonable?
You should not rely on one estimate. You should obtain like-for-like quotes for your conveyancing in Seaford. Then choose one that you trust and crucially, is on the approved list of the lender that you have applied for a mortgage from.