My friend's mother is a solicitor. I am hopeful that I will receive mate’s fee for conveyancing, but if not, what kind of costs should I be paying for conveyancing in Seaford?
It’s sensible to look for two or three conveyancing quotes. Do use our comparison tool on this page. Whilst estimates do contrast greatly but the service one can expect differ between conveyancers as is the case with most professions.
Will my lawyer be raising questions regarding flooding as part of the conveyancing in Seaford.
The risk of flooding is if increasing concern for conveyancers conducting conveyancing in Seaford. There are those who purchase a house in Seaford, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, but there are a numerous searches that can be undertaken by the purchaser or by their conveyancers which can give them a better understanding of the risks in Seaford. The conventional set of information given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the vendor to find out whether the premises has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the seller, then a buyer could bring a compensation claim resulting from an inaccurate answer. The buyer’s solicitors should also carry out an environmental search. This should higlight whether there is a recorded flood risk. If so, additional inquiries will need to be initiated.
I am buying a new build house in Seaford with the aid of help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of extras instead. The estate agent told me not disclose to my solicitor about the deal as it would put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What does commercial conveyancing in Seaford cover?
Seaford conveyancing for business premises incorporates a wide array of guidance, provided by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Do you have any top tips for leasehold conveyancing in Seaford with the aim of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Seaford can be reduced if you get in touch lawyers as soon as you market your property and ask them to put together the leasehold documentation which will be required by the buyers’ solicitors. In the event that you altered the property did you need the Landlord’s consent? Have you, for example laid down wooden flooring? Seaford leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord consenting to such changes. Should you fail to have the consents to hand do not contact the landlord without checking with your solicitor before hand. Many landlords or managing agents in Seaford levy fees for supplying management packs for a leasehold premises. You or your lawyers should find out the actual amount of the charges. The management pack can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Seaford. If there is a history of conflict with your freeholder or managing agents it is essential that these are resolved before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a property where a dispute is unsettled. You will have to accept that you will have to discharge any arrears of service charge or settle 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 particulars of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic rather than unsettled. You believe that you know the number of years left on your lease but you should verify this via your conveyancers. A buyer’s conveyancer will not be happy to advise their client to where the lease term is less than 80 years. In the circumstances it is essential at an early stage that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale.
I invested in buying a ground floor flat in Seaford, conveyancing having been completed October 2007. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Seaford with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease expires on 21st October 2099
With only 80 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.