Find a Southwick Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Southwick? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Southwick transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Southwick

Due to complete my purchase in Southwick next Friday. My solicitor now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the lender. What risks does the bank expect the insurance to cover?

All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These requirements are not limited to conveyancing in Southwick.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Southwick. 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 questions that you may expect your new-build leasehold conveyancing in Southwick

    The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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. Please supply a car parking plan.

I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Southwick I like with amenity areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Southwick in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?

Should you need a home loan that many years will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may request that they start the process of the extension 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 speak to your conveyancing lawyer about this matter.

My step-father has urged me to instruct his lawyers for conveyancing in Southwick. Should I find my own property lawyer?

There are no two ways about it it’s preferable to select a conveyancing lawyer is to seek recommendations from friends or relatives who have actually used the conveyancer you're contemplating using.

My wife and I are FTB’s just having agreed a price on a property in Southwick, and need to get solicitors appointed. I have made use of the numerous comparison based websites and the fee estimates are from all across the country. Is it critical to have a Southwick conveyancer local to our potential house? I am content to do everything electronically, but I am thinking at some stage we may be required to physically go into the solicitor's office to sign documents?

The conveyancer does not need to be in Southwick, but opting for local means that you can attend their offices if you need to, for instance, if a signature is needed urgently. Also, a Southwick solicitor have established relationships with local agents and (if the vendor has chosen a local conveyancer) with them, which should help keep things moving faster.

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