My wife and I are purchasing a apartment in Highcliffe. It might be a silly question but how we can trust a conveyancer? At some point we will need to deposit money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are getting a further advance on our home loan from Co-operative as we intend to conduct improvements to our property in Highcliffe. Do we need to select a nearby Highcliffe solicitor on the Co-operative conveyancing panel to deal with the paperwork?
Co-operative would not normally appoint firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative list.
I have finally had an offer on an apartment in Highcliffe accepted, but there is a chain. The sellers have offered on a flat, but it’s not yet tied up, and have viewings of other properties booked. I have selected a bricks and mortar conveyancing solicitor in Highcliffe. What should be my next step? When should I get the mortgage application with Nationwide going?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx £1k, then survey, Highcliffe conveyancing search fees, etc). First, you should ensure that your conveyancing practitioner is on the Nationwide conveyancing panel. Regarding the subsequent phase this very much depends on the specifics of your case, desire for this property and on the state of the market. During a hot market some home buyers will apply for a home loan with Nationwide and arrange for the valuation and only if it comes back ok would they request their lawyer to press on with searches.
What will a local search tell me about the property we're purchasing in Highcliffe?
Highcliffe conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Onsearch The local search plays a central part in most Highcliffe conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search will provide data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
What does commercial conveyancing in Highcliffe cover?
Highcliffe conveyancing for business premises covers a wide range of services, supplied by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am on look out for some leasehold conveyancing in Highcliffe. Before diving in I require certainty as to the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Highcliffe - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a ground floor flat in Highcliffe, conveyancing was carried out June 2006. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Highcliffe with over 90 years remaining are worth £181,000. The ground rent is £55 invoiced every year. The lease ceases on 21st October 2076
You have 50 years left to run we estimate the price of your lease extension to be between £32,300 and £37,400 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
As a leasehold owner I am on the hook for a maintenance contribution for my first floor flat in Highcliffe. Due to redundancy and other issues I slipped behind with payments. I negotiated a clearance schedule but there is still around £3000 left to be paid.
I want to sell and I am worried this will threaten to derail the sale if I have to discharge the amount due now. I'd like to sell up and subsequently pay them back with the proceeds - is this viable?
Your property lawyer will hopefully be able to negotiate with the management company, with a new to seeing if they would accept payment from completion monies. Here is an example of why it is advisable to choose a solicitor in Highcliffe as they are likely to enjoy a strong line of communication with the parties.