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Recently asked questions about conveyancing in Warsash

Various web forums that I have visited warn that are the main reason for hinderance in Warsash house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Warsash.

In what way does the Landlord & Tenant Act 1954 affect my business offices in Warsash and how can your lawyers assist?

The particular law that you refer to gives protection to commercial leaseholders, granting the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Warsash

My husband and I are new on the property ladder - had an offer accepted, but the agent advised that the vendor will only proceed if we instruct the agent's preferred solicitors as they need a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Warsash

We suspect that the owner is unaware of this requirement. If they desire ‘a quick sale', turning down a serious buyer is not the way to achieve this. Bypass the agents and go straight to the owners and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Warsash conveyancing firm - as opposed tothose that will give the estate agent a introducer fee or achieve conveyancing thresholds set by senior management.

If all goes to plan we aim to complete the sale of our £125,000 garden flat in Warsash next Tuesday. The management company has quoted £312 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Warsash?

Warsash conveyancing on leasehold apartments ordinarily involves administration charges raised by landlords agents :

    Completing pre-exchange enquiries Where consent is required before sale in Warsash Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Warsash leasehold property is £350. For Warsash conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to supply answers.

I acquired a 1st floor flat in Warsash, conveyancing formalities finalised in 2011. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Warsash with a long lease are worth £170,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease comes to an end on 21st October 2097

You have 78 years left to run the likely cost is going to be between £7,600 and £8,800 plus legals.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.

Why do Warsash conveyancing charges are higher for leasehold and freehold properties?

When purchasing a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control

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