I am purchasing a property for cash in Whitstable. I have been residing for the previous Seventeen years in Whitstable. Conveyancing searches are a lot of money. As I know the area and road very well must I have all the conveyancing searches?
If you not getting a mortgage, then all but one or two of the Whitstable conveyancing searches are non-obligatory. Your solicitor will 'advise', perhaps strongly, that you should have searches done, but he has a professional duty to do this. Do consider; if you are intend to sell the house one day, it may be of relevance to your prospective purchaser what the searches disclose. There are plenty of instances where houses with day to day issues can still throw up adverse search results. A competent conveyancing solicitor in Whitstable will be able to give you some constructive advice here.
It is is a decade since I acquired my house in Whitstable. Conveyancing solicitors have recently been instructed on the sale but I can't locate the deeds. Will this cause complications?
You need not be too concerned. First there is a chance that the deeds will be retained by your mortgage company or they may be in the possession of the conveyancers who acted in the purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining current official copies of the land registers. Most conveyancing in Whitstable involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is not insurmountable.
Various web forums that I have come across warn that are the main reason for delay in Whitstable conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Whitstable.
Are there restrictive covenants that are commonly identified during conveyancing in Whitstable?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Whitstable. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey completed on a property in Whitstable before appointing solicitors. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks tend not issue a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Whitstable. Conveyancing will be smoother if you use a solicitor in Whitstable especially if they regularly deal with such properties in Whitstable.
Can you offer any advice when it comes to appointing a Whitstable conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Whitstable conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Whitstable conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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What are the legal fees for lease extension conveyancing?
I bought a garden flat in Whitstable, conveyancing was carried out 7 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Whitstable with a long lease are worth £195,000. The ground rent is £45 per annum. The lease terminates on 21st October 2086
You have 62 years remaining on your lease we estimate the price of your lease extension to span between £17,100 and £19,800 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.