Can you explain why leasehold purchase conveyancing in Verwood costs more?
Verwood leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Due to the input of my in-laws I had a survey completed on a house in Verwood before appointing lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks will not issue a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you contact us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Verwood. Conveyancing will be smoother if you use a solicitor in Verwood especially if they are familiar with such properties in Verwood.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Verwood?
At this site secure an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Verwood. As opposed to estate agents and brokerage sites we do not charge firms a fee if you appoint them for your conveyancing in Verwood
As co-executor for the will of my grandmother I am disposing of a property in Newport but live in Verwood. My conveyancer (who is 235 kilometers from meneeds me to sign a statutory declaration before completion. Could you suggest a conveyancing practitioner in Verwood who can attest this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Verwood based
We are midway through purchasing a house in Verwood. Conveyancing lawyer has told us the property is "Leasehold". Will this likely impact the salability of the property?
Verwood conveyancing does not normally involve leasehold houses. The main factor here is the length of lease and the ground rent. If it's 999 years with a nominal rent, it's essentially freehold, so it’s unlikely to affect the saleability too much.
On the flip side, if it's, say, fifty five years it is bound to have a adverse impact on the saleability, and most likely wouldn't be acceptable to the lender. The length of lease and ground rent will be stated in the lease which should be made available to your conveyancer.