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Find a Bexhill Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Bexhill? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Bexhill transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Bexhill

2 months have elapsed following my purchase conveyancing in Bexhill completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Due to the guidance of my in-laws I had a survey completed on a house in Bexhill in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may refuse to issue a loan on this type of home.

It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bexhill. Conveyancing may be slightly more expensive based on your lender's requirements.

I am a sole trader planning to take an assignment of a lease of a shop on the high street. Can you recommend solicitors offering no-move-no charges for non-domestic conveyancing in Bexhill for under £1,200?

We can recommend firms who host a wealth of experience of commercial conveyancing in Bexhill, including the disposal and acquisition of businesses as well as simply property. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right solicitor. As for the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your details or email us so that we may supply you with a fixed commercial conveyancing calculation.

Last November I purchased a leasehold property in Bexhill. Am I liable to pay service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Bexhill Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying

    Does the lease contain onerous restrictions? The prefered form of lease arrangement is a share of the freehold. In this arrangement the leaseholders benefit from control and even though a managing agent is often employed if it is larger than a house conversion, the managing agent is directed by the tenants. Please note that where the lease has less than eighty years it will affect the salability of the flat. It is worth checking with your lender that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth finding out how much this will be. Remember, in most cases you will need to own the premises for 24 months in order to be legally able to carry out a lease extension.

My wife and I are disposing of a Bexhill bungalow left to us seven years ago in 2012. I have over 12 years conveyancing experience and, now retired, see no reason not to carry out the conveyancing. The buyer's solicitor has informed me that their Lenders will not allow you to do your own conveyancing insisting the funds to be transferred to a solicitor's bank account.

Mortgage instructions to conveyancers from all mainstream lenders specify that If the vendor is not legally represented the purchaser’s lawyers should check whether the lender needs to be informed so that a decision can be made as to whether or not they are prepared to proceed.

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Find out more about how flying freehold can affect your the value of a property.