Completed the sale of my flat in Portslade last August yet the purchaser is calling every few hours to moan that their conveyancer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your house sale your solicitor is duty bound to deliver the transfer documentation and all additional paperwork to the purchaser's solicitors. Where relevant, your conveyancer must also evidence that the mortgage has been discharged to the purchasers conveyancers. There is unlikely to be post completion procedures specific conveyancing in Portslade.
There is lots of here about conveyancing in Portslade but what is your top tip for selecting the right conveyancer in Portslade
Do not opt for the cheapest Portslade conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Forgive me if this question is silly but I am new to the house moving as a first time buyer of a garden flat in Portslade. Do I collect the keys to the property on the completion date from my conveyancer? If this is the case, I will appoint a local conveyancing solicitor in Portslade?
On the day of completion you do not need to go to the conveyancers office in Portslade. Conveyancing lawyers for you will transfer the purchase money to the seller's conveyancers, and once they have received this, you should be called to pick up the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
My wife and I are in the process of viewing flats in Portslade and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Bank of Ireland.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are seeking a mortgage with Bank of Ireland, make sure you remember to check that your lawyer is on the Bank of Ireland conveyancing panel.
Should commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Portslade?
Many commercial conveyancing solicitors in Portslade will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Portslade. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Portslade.
For every commercial conveyancing transaction in Portslade it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Portslade commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Portslade.
I am a sole trader looking to lease a unit on a shopping parade. Can you recommend lawyers offering competitive charges for commercial conveyancing in Portslade for under 1500k?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Portslade, including the disposal and acquisition of businesses as well as simply premises. If you are intending to purchase or sell a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right solicitor. As for the charges this will depend on the structure and terms of the deal. Let us have your details or phone so as to enable us to furnish you with a detailed commercial conveyancing quote.
I am looking at a two flats in Portslade both have about forty five years left on the lease term. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold flat in Portslade is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. The majority of buyers and banks, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Portslade conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Portslade Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
It would be sensible to discover as much as possible regarding the company managing the building as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to practical matters such as the cleanliness of the communal areas. Enquire of other tenants whether they are happy with them. In conclusion, investigate as to the dates that the maintenance fees are due to the appropriate party and precisely how they are spending that money. The majority of Portslade leasehold properties will have a service bill for maintenance of the building levied on behalf of the freeholder. Where you buy the property you will have to pay this contribution, normally periodically accross the year. This can be anything from a few hundred pounds to thousands of pounds for buildings with lifts and large common areas. There will also be a ground rent for you to pay annual, this is usually not a significant amount, say around £50-£100 but you should to enquire it because on occasion it could be many hundreds of pounds. This information is useful as a) areas can result in problems for the block as the common areas may begin to deteriorate where repairs are not paid for b) if the tenants have a dispute with the running of the building you will need to have complete disclosure