Finally, a mortgage offer from Santander for the remortgage of my 4 bedroom apartment is coming any day now. Could you suggest a low cost conveyancing practitioner in Horley?
This site is not designed to assist those in pursuit of the cheapest conveyancing in Horley. Our aim is to provide affordable conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing organisations enticing you with ninety nine pound conveyancing in Horley. Optimistically, in choosing a lawyer for low cost conveyancing, you will end up with what you pay for and at worst you will end up being stung for additional fees and still not receive the service you were looking for.
Why do I have to pay up front for conveyancing in Horley?
If you are buying a property in Horley your lawyer will request that you to provide them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the purchase price then this will be required shortly in advance of contracts are exchanged. The final balance that is due should be transferred shortly before completion.
I am planning on selling our property in Horley and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Horley conveyancer would know this is not the case. For the life of me I don't know why the purchasers are using an online conveyancing firm rather than a conveyancing solicitor in Horley. Having lived in Horley for six years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation need.
It would appear that you have a conveyancing lawyer already. What do they say? You should 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 ailment)
I decided to have a survey completed on a house in Horley prior to retaining lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may refuse to issue a loan on this type of home.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you e-mail us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Horley. Conveyancing will be smoother if you use a solicitor in Horley especially if they regularly deal with such properties in Horley.
We own a leasehold flat in Horley. Conveyancing was finalised in 2009. I have been told that I mustn’t allow the lease length get too short. What is the reasoning?
Horley residential long term leases are for a prescribed term - normally ninety nine years when they started. However a significant appartments in Horley were built or converted in the 60’s and so such leases now have under 80 years remaining. This may seem like plenty of time but Banks, Building Societies and other mortgage companies generally require leases to have at least seventy five years unexpired to adequate security. Accordingly when you come to sell the property you will need a lease extension if you are approaching 75 years. To enhance the marketability of your property you should be thinking about whether to extend your lease well in advance of selling the property. There are also advantages to taking action before the lease hits eighty years as when the lease is below eighty years the premium to be paid to extend starts to get a lot more expensive.