Is it realistic for conveyancing in Eastbourne to be finalised in under 28 days?
In a situation where the seller is applying time constraints for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will benefit local contacts and knowledge. It is possible that they would have conducted previoushouses in the same neighbourhood. You would be best advised to use a Eastbourne conveyancing lawyer. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that nearly one in five of Eastbourne conveyancing transactions are delayed or jeopardised after discovering a purchaser’s conveyancer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the home move being delayed by as much as 21 days. It is estimated that this issue affects in the region of 100,000 home sales annually. Almost all Eastbourne conveyancing firms can not act for certain lenders so do check at the outset.
We are planning to acquire a property and need a conveyancing solicitor in Eastbourne who is on the Nationwide approved panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nationwide . We don't recommend any particular firms conducting conveyancing in Eastbourne.
3 months have elapsed since my purchase conveyancing in Eastbourne completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
My partner has suggested that I instruct his conveyancers in Eastbourne. Should I use them?
No doubt it’s preferable to choose a conveyancing solicitor is to seek referrals from friends or family who have actually used the firm you're contemplating using.
Can you provide any top tips for leasehold conveyancing in Eastbourne from the perspective of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Eastbourne can be avoided if you appoint lawyers as soon as you market your property and request that they start to put together the leasehold documentation which will be required by the buyers’ solicitors. If you hold a share in a the freehold, you should ensure that you hold the original share certificate. Obtaining a duplicate share certificate can be a time consuming formality and delays many a Eastbourne conveyancing transaction. Where a duplicate share is required, do contact the company officers or managing agents (if relevant) for this at the earliest opportunity. If you have carried out any alterations to the premises would they have required Landlord’s consent? Have you, for example installed wooden flooring? Most leases in Eastbourne state that internal structural alterations or addition of wooden flooring calls for a licence from the Landlord consenting to such changes. Should you dont have the approvals to hand do not contact the landlord without checking with your lawyer before hand. A minority of Eastbourne leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. The majority of freeholders or managing agents in Eastbourne charge for providing management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Eastbourne.
I am the registered owner of a 2 bed flat in Eastbourne, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Equivalent properties in Eastbourne with over 90 years remaining are worth £180,000. The ground rent is £65 invoiced every year. The lease comes to an end on 21st October 2084
You have 59 years remaining on your lease we estimate the premium for your lease extension to range between £20,900 and £24,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.