I decided to go with a high street firm for my conveyancing in Felpham last week. After carefully reading the Ts and Cs I notewe are liable for charges even if our purchase doesn't happen. Would I be best advised to choose a web based firm who offer no-sale-no-fee conveyancing in Felpham?

Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the fee levels will tend to be be higher to offset those cases that do not proceed. You should be mindful that such deals rarely cover expenditure for instance Felpham conveyancing search expenses.

It is 10 years ago since I acquired my house in Felpham. Conveyancing solicitors have now been retained on the sale but I can't locate the title documents. Is this a problem?

You need not be too concerned. First there is a chance that the deeds will be with the mortgage company or they could stored with the conveyancers who acted in your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring up to date copy of the land registers. The vast majority of conveyancing in Felpham involves registered property but in the rare situation where your property is unregistered it is more of a problem but is not insurmountable.

I need some expedited conveyancing in Felpham as I am under an ultimatum to exchange contracts inside one month. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?

If.Given you are are a mortgage free purchaser you have the choice not to do searches although no lawyer would recommend that you don't. With plenty of history conveyancing in Felpham the following are instances of issues that can appear and therefore impact future saleability: Enforcement Notices, Overdue Fees, Outstanding Grants, Road Schemes,...

How does conveyancing in Felpham differ for newly converted properties?

Most buyers of new build or newly converted property in Felpham contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because developers in Felpham usually purchase 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 accustomed to new build conveyancing in Felpham or who has acted in the same development.

I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Felpham. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Felpham ?

Most houses in Felpham are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Felpham in which case you should be looking for a Felpham conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’spermission to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the house is located on an estate. Your solicitor will advise you fully on all the issues.

I invested in buying a basement flat in Felpham, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Felpham with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease runs out on 21st October 2082

With just 58 years left to run we estimate the premium for your lease extension to be between £22,800 and £26,400 as well as legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.