I used Wolstenholmes a few years ago for my conveyancing in Lancing. Now, I need my files but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Lancing of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a leasehold apartment up to £235,500 and found one near me in Lancing I like with a park and station in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Lancing in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I have been pointed in your direction by a number of property agents in Lancing to locate a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to recommend your lawyers rather than another?
We don’t give any referral fee for directing people our way. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My father-in-law has encouraged me to appoint his conveyancing solicitors in Lancing. Do I follow his recommendation?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to have feedback from friends or relatives who have used the solicitor that you are considering.
Can you provide any top tips for leasehold conveyancing in Lancing with the purpose of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Lancing can be avoided where you instruct lawyers the minute you market your property and ask them to collate the leasehold information needed by the buyers’ lawyers. Some Lancing leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. If you hold a share in a the freehold, you should make sure that you have the original share certificate. Obtaining a replacement share certificate can be a lengthy formality and frustrates many a Lancing home move. If a reissued share certificate is needed, you should approach the company officers or managing agents (if applicable) for this as soon as possible. If there is a history of any disputes with your freeholder or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to present the dispute as over rather than unsettled. You believe that you know the number of years left on your lease but you should verify this by asking your lawyers. A buyer’s lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is under 75 years. It is therefore essential at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale.
Lancing Leasehold Conveyancing - Examples of Queries Prior to buying
Is anyone aware of any major works in the planning that will likely add a premium to the service charges? How many years remain on the lease? In the main the outlay for major works tend not to be incorporated into the maintenance charges, albeit that some managing agents in Lancing require leasehold owners to pay into a reserve fund and this is used to offset against major works.