Is there a reason to instruct a East Barming conveyancing firm when online conveyancers are easier on the wallet?

To take your time to find get 2 or 3 like-for-like quotes for conveyancing costs in East Barming and you should seek a reasonable fee calculation but don’t be focused with hunting for the cheapest East Barming conveyancer. Finding the right conveyancer can mark the difference between a seamless and a distressing house move. You need to ensure that you have expert advice from a specialist conveyancer. Emails can't replace a telephone conversation and can never replicate a one to one consultation. The firms that we work with will find you a qualified and trusted conveyancing solicitor who can handle your conveyancing from start to finish, providing a level of hand holding that you will never get with an web based conveyancer. He or She will keep you updated as to headway making sure that you are never in the dark. Should it ever be necessary to call the firm you will know who to ask for and they will ensure you're not left wondering what's going on.

Will our solicitor be raising questions regarding flooding as part of the conveyancing in East Barming.

Flooding is a growing risk for solicitors dealing with homes in East Barming. Plenty of people will acquire a house in East Barming, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.

Solicitors are not qualified to impart advice on flood risk, however there are a various checks that may be carried out by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in East Barming. The standard property information forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to find out whether the property has suffered from flooding. If flooding has previously occurred and is not notified by the vendor, then a purchaser could bring a compensation claim resulting from an inaccurate response. A purchaser’s solicitors may also order an enviro report. This will disclose if there is any known flood risk. If so, additional investigations will need to be made.

I moved into my apartment on 16 March and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in East Barming expressed confidence that it would be concluded in a couple of weeks. Are titles in East Barming particularly slow to register?

As far as conveyancing in East Barming is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can vary subject to who lodges the application, whether there are errors and if the Land registry have to notify any interested parties. As of today roughly three quarters of such applications are completed within two weeks but some can be subject to longer hold-ups. Historically registration occurs after the buyer is living at the property therefore 'speed' is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor must contact the land registry and explain the circumstances.

How does conveyancing in East Barming differ for new build properties?

Most buyers of new build residence in East Barming contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in East Barming usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in East Barming or who has acted in the same development.

I am tempted by the attractive purchase price for a couple of flats in East Barming both have about forty five years remaining on the leases. Will this present a problem?

There are no two ways about it. A leasehold apartment in East Barming is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the value of the premises. For most purchasers and mortgage companies, leases with less than 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 East Barming conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend 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.

East Barming Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying

Plenty East Barming leasehold properties will have a service charge for the upkeep of the block invoiced by the freeholder. Where you buy the apartment you will have to meet this charge, usually periodically throughout the year. This can differ from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. There will also be a ground rent to be met yearly, normally this is not a large amount, say around £25-£75 but you should to check it because occasionally it can be many hundreds of pounds. Is anyone aware of any major works in the near future that could increase the maintenance charges? Its a good idea to discover as much as possible about the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to day to day issues like the upkeep of the common parts. Ask prospective neighbours if they are happy with their service. In conclusion, find out the dates that the service charges are due to the managing agents and precisely what you get for your money.