The Freshwater Bay conveyancing firm that I appointed last week on my house acquisition in Freshwater Bay have suddenly closed. I only went with them because I needed a lawyer on the Aldermore conveyancing panel and my previous Freshwater Bay lawyer was not. I paid them £170 in advance. What do I do now?

If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Aldermore conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.

Have completed on a a semi-detached house in Freshwater Bay , What is the estimated time for the Land Registry to record my title? My Freshwater Bay conveyancing solicitor works at snail pace, so I want to check the registration is concluded.

As far as conveyancing in Freshwater Bay registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can adjust according to who lodges the application, whether there are errors and if the Land registry need to notify any interested parties. At present in the region of 80% of such applications are fully dealt with within two weeks but some can be subject to longer delays. Registration takes place after the buyer has moved in to the property thus 'speed' is not usually top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer can contact the land registry and explain the circumstances.

Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Freshwater Bay is where the house is located. Can you offer any assistance?

Flying freeholds in Freshwater Bay are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Freshwater Bay you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Freshwater Bay may determine 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 need to appoint a conveyancing solicitor for freehold conveyancing in Freshwater Bay. I have stumble upon a site which appears to be the ideal offering If it is possible to get all the legals completed via phone that would be ideal. Do I need to be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

My partner and I may need to let out our Freshwater Bay ground floor flat temporarily due to a new job. We instructed a Freshwater Bay conveyancing practice in 2001 but they have since shut and we did not have the foresight to get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?

A lease dictates relations between the freeholder and you the leaseholder; specifically, it will set out if subletting is prohibited, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Freshwater Bay do not prevent subletting altogether – such a provision would adversely affect the market value the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.

Leasehold Conveyancing in Freshwater Bay - Sample of Queries Prior to Purchasing

You should be aware that where the lease has fewer than eighty years it will have adverse implications on the value of the apartment. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will most likely require a lease extension sooner rather than later and you need to have some idea of what this will be. For most Freshwater Baylease extensions you will need to own the residence for two years before you are eligible to exercise a lease extension. Does the lease contain onerous restrictions? Who takes charge for maintaining and repairing the building?