Please help. My Southbourne solicitor is informing me me that he is legally obliged toapply for Southbourne conveyancing searches asthe firm are on the HSBCapproved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a lender your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Southbourne conveyancing searches.
About to purchase a new build apartment in Southbourne. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Southbourne
Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Due to the encouragement of my in-laws I had a survey completed on a property in Southbourne in advance of retaining solicitors. I have been advised that there is a flying freehold element to the property. The surveyor advised that some banks may refuse to issue a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Southbourne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Southbourne to see if the conveyancing will be more expensive.
What advice can you give us when it comes to finding a Southbourne conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for lease extension works (regardless if they are a Southbourne conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Southbourne conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
What volume of lease extensions has the firm carried out in Southbourne in the last twenty four months?
I acquired a ground floor flat in Southbourne, conveyancing having been completed 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Southbourne with an extended lease are worth £171,000. The ground rent is £50 charged once a year. The lease ends on 21st October 2099
With only 79 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
Our conveyancing in Southbourne completes on Friday, yet the owners I am buying off wishes to move out the next day at noon. Can I accept such a plan?
It is not possible to complete on a Saturday due to the bank systems are not operating.