My partner and I are purchasing our first house. Our lawyer has texted usto see if we would like to take out extra conveyancing searches. We are really unsure what's recommended for conveyancing in Halesworth

The scope of Halesworth conveyancing searches should be triggered based entirely on the premises, the location, the likelihood of any of these risks, your familiarity of the locality and risks, your general appetite to risk. What is important is that you adequately understand what information each search could provide. You may then decide if you consider that you need that search. Should you be uncertain, ask the conveyancer to explain.

About to purchase a new build apartment in Halesworth. Conveyancing is necessary evil 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 legal work.

Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Halesworth

Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. 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.

Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Halesworth is where the house is located. What do you suggest?

Flying freeholds in Halesworth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Halesworth you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Halesworth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Do you have any advice for leasehold conveyancing in Halesworth with the aim of saving time on the sale process?

• Much of the frustration in leasehold conveyancing in Halesworth can be reduced if you appoint lawyers the minute your agents start advertising the property and ask them to put together the leasehold documentation which will be required by the buyers’ conveyancers.
If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share document. Arranging a new share certificate is often a time consuming formality and delays many a Halesworth conveyancing deal. If a reissued share certificate is required, do contact the company officers or managing agents (if relevant) for this as soon as possible. You may think that you are aware of the number of years left on your lease but it would be advisable verify this via your conveyancers. A buyer’s conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is less than 80 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. A minority of Halesworth leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly 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 lawyers.

I own a 1st floor flat in Halesworth, conveyancing formalities finalised June 2008. How much will my lease extension cost? Equivalent properties in Halesworth with a long lease are worth £170,000. The ground rent is £50 levied per year. The lease ceases on 21st October 2105

With just 79 years left to run we estimate the premium for your lease extension to span between £7,600 and £8,800 as well as legals.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.

Please can you explain what options are open to me if my Halesworth conveyancing searches shows adverse results?

Ordinarily, most concerns arising from Halesworth conveyancing search responses can be handled in advance of completion or indemnity insurance could possibly be put in place. You should remember that even though you may be buying the property and might be content to live with the search results, your lender may not, and when all said and done have the final decision.