I need some quick conveyancing in Little Hampton as I have an ultimatum to complete in less than 4 weeks. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a home loan you are at free not to have searches carried out although no lawyer would advise that you don't. With lots of history conveyancing in Little Hampton the following are instances of issues that can show up and adversely impact market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
Just had an offer accepted on a new build apartment in Little Hampton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Little Hampton
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Due to the input of my in-laws I had a survey completed on a house in Little Hampton in advance of retaining solicitors. I have been advised that there is a flying freehold element to the house. The surveyor advised that some lenders may not grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Little Hampton. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I go with a Little Hampton conveyancing practitioner who is local to the property I am buying? We have a good friend who can conduct the legal formalities but his firm is located over three hundred miles drive away.
The benefit of a high street Little Hampton conveyancing practice is that you can attend the office to sign paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and in the main were content that must surpass using an unfamiliar Little Hampton conveyancing lawyer just because they are Little Hampton based.
Estate agents have just been given the go-ahead to market my 2 bed flat in Little Hampton. Conveyancing is yet to be initiated, however I have just had a quarterly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as normal given that all ground rent and service charges should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Little Hampton - Sample of Queries before buying
Best to be warned whether a new roof is being installed or some other significant cost is anticipated that will be shared amongst the leasehold owners and could well materially increase the the service fees or result in a one off payment. Plenty Little Hampton leasehold properties will be liable to pay a service bill for maintenance of the building levied by the freeholder. Should you buy the property you will have to pay this liability, normally in instalments during the year. This could be anything from a few hundred pounds to thousands of pounds for large purpose-built buildings. In all probability there will be a rentcharge to be met yearly, ordinarily this is not a exorbitant figure, say about £50-£100 but you should to enquire it because occasionally it can be many hundreds of pounds.