At what point will exchange of contracts take place for sale conveyancing in Haywards Heath and do I need to be at the lawyers branch?

Where you are round the corner to one of the conveyancing solicitors in Haywards Heath you are invited in to sign contracts. However, the lender approved solicitors we recommend supply a national conveyancing service and provide as equally comprehensive and professional a job for you when communicating with you by post or email. The executing of the sale agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Haywards Heath)to be in the office at the appropriate time.

My friend recommended that where I am buying in Haywards Heath I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is occasionally included in the estimate for your Haywards Heath conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Haywards Heath around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Haywards Heath.

I have been on the look out for a ground for flat up to £245,000 and identified one near me in Haywards Heath I like with amenity areas and railway links nearby, the downside is that it only has 61 years on the lease. There is not much else in Haywards Heath for this price, so just wondered if I would be making a grave error buying a short lease?

If you need a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 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 existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

Are there any apps to help locate a Haywards Heath solicitor on the Barclays Direct conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the lawyer.

Feel free to make use of the facility on this page. Please pick a lender and your location and you will see a number of Haywards Heath conveyancing lawyers based on proximity. We have detailed some Haywards Heath conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Barclays Direct approved list

I am tempted by the attractive purchase price for a two maisonettes in Haywards Heath both have approximately 50 years left on the leases. Should I regard a short lease as a deal breaker?

A lease is a right to use the premises for a period of time. As the lease shortens the value of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this field.

I bought a ground floor flat in Haywards Heath, conveyancing formalities finalised October 2012. How much will my lease extension cost? Similar flats in Haywards Heath with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 2090

With 65 years unexpired we estimate the price of your lease extension to be between £13,300 and £15,400 plus legals.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.