I have todayfound out that Action Conveyancing have closed. They carried out my conveyancing in Hartfield for a purchase of a leasehold flat 9 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The quickest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hartfield conveyancing specialists.
How does conveyancing in Hartfield differ for newly converted properties?
Most buyers of new build premises in Hartfield approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Hartfield typically acquire the real estate, 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 Hartfield or who has acted in the same development.
I decided to have a survey carried out on a property in Hartfield in advance of instructing lawyers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some lenders may not grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hartfield. Conveyancing may be slightly more expensive based on your lender's requirements.
Is there anything unique about your site and other web based conveyancing brokers when it comes to conveyancing in Hartfield?
At this site get a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Hartfield. Unlike many estate agents and brokerage sites we do not operate referral arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the highest commission, as opposed to the best value conveyancing in Hartfield
I've found a house that appears to be perfect, at a great price which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are issues purchasing a house with a leasehold title in Hartfield. Conveyancing advisers have not yet been appointed. Will they explain the issues?
The majority of houses in Hartfield are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Hartfield in which case you should be looking for a Hartfield conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder 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’sconsent to conduct alterations. You may also be required to pay a contribution towards the maintenance of the estate where the property is part of an estate. Your solicitor should appraise you on the various issues.
I acquired a 1 bedroom flat in Hartfield, conveyancing was carried out July 1996. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Hartfield with over 90 years remaining are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease terminates on 21st October 2079
With just 54 years remaining on your lease we estimate the premium for your lease extension to be between £32,300 and £37,400 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.