At what point does exchange of contracts occur in sale conveyancing in Seaview and am I required to attend the solicitors branch?
If you are near to our conveyancing solicitors in Seaview you are invited in to sign contracts. However, the lender approved solicitors we work with supply countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when dealing with you electronically. The executing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the firm to address the formalities at the appropriate time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Seaview)to be in the office available at the end of the phone to exchange contracts.
I have 71 years remaining on my lease and need a lease extension for my flat in Seaview. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/4/2019 the requirements read as follows :
I am looking for a ground for flat up to £235,500 and identified one close by in Seaview I like with amenity areas and railway links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Seaview in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will likely be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I have been advised by two or three local property agents in Seaview to get a quote from a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to recommend your services over and above another?
We don’t make any commission for sending work in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
What is the reason for new build conveyancing in Seaview being more expensive?
Acquiring a brand new home is significantly distinct from the normal house purchase conveyancing in Seaview. For a start sellers normally need contracts to exchange within a tight deadline, the result being a a great deal of pressure on your lawyer to ensure everything is in order. Furthermore new build properties often involve examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank requirements are also more detailed. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.