I am need of leasehold conveyancing for an apartment in a fairly new development (five years built) in Binstead. The vast majority the properties are already disposed of. Is it really necessary to order local searches as part of conveyancing in Binstead?
You would be putting yourself at risk in failing carrying out Binstead conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal requirement to have them, but we would absolutely advise in the strongest possible terms that you have them. If accelerating the process and cost are top of your issues you should discuss with your conveyancer about the options such as lack of search insurance available to you
I have 71 years unexpired on my lease and need a lease extension for my apartment in Binstead. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/7/2019 the requirements read as follows :
We are downsizing from our house in Binstead and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Binstead lawyer would know that there is no such problem. It does beg the question why the purchasers instructed an internet conveyancing practice as opposed to a conveyancing solicitor in Binstead. Having lived in Binstead for many years we know of no issue. Do we get in touch with our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Binstead is where the house is located. Is there any guidance you can give?
Flying freeholds in Binstead are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Binstead you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Binstead may ascertain 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 property.
I have today placed an offer on a leasehold flat in Binstead and the mortgage adviser that we are dealing with recommended his conveyancing practitioner. They quoted £900 including VAT and disbursements. Does this sound like a good deal?
You should not rely on 1 quote. You should obtain like-for-like quotes for your conveyancing in Binstead. Then choose one that you are comfortable with and just as important, is on the approved list of the lender that you are sourcing your mortgage from.