My fiance’s mother is a solicitor. I anticipate that I can be offered mate’s pricing for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Horley?

You should compare pricing. Make use of our comparison tool on this page. Whilst charges may vary but the service one can expect are distinct between solicitors as is true with most professions.

When does exchange of contracts occur in domestic conveyancing in Horley and am I required to attend the solicitors office?

Where you are in close proximity to one of the conveyancing solicitors in Horley you are invited in to sign contracts. However, the firms we work with offer countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you electronically. The signing of the sale agreement is not the point of no return. Signing on the dotted line is necessary for the firm to officially exchange at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Horley)to be in the office available at the end of the phone to exchange contracts.

Should I be wary by estate agents that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a local Horley conveyancing company?

As with many professional services, often recommendations from connections can be very helpful. But there are lots of parties with a vested interest in a conveyancing deal; estate agents, financial adviser and mortgage companies might all put forward conveyancers to retain. Sometimes these conveyancers might be known to one of the organisations as experts in their field, but occasionally there exists a commercial relationship behind the endorsement. You are free to select your own lawyer. You need to be aware that some mortgage providers have an approved list of solicitors you are obliged to use for the mortgage aspect of your transaction.

I am a negotiator for a long established estate agency in Horley where we have experienced a number of leasehold sales derailed due to short leases. I have been given inconsistent advice from local Horley conveyancing firms. Can you clarify whether the owner of a flat can start the lease extension formalities for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Horley Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing

It is important to be aware if a new roof is being installed or some other significant cost is due in the near future that will be shared by the leaseholders and could well dramatically increase the the maintenance costs or result in a one time invoice. The best form of lease arrangement is a share of the freehold. In this scenario the leaseholders benefit from control and although a managing agent is usually retained where the building is bigger than a house conversion, the managing agent retained by the leaseholders. You should be aware if it is less than 80 years it will have adverse implications on the value of the property. Check with your lender that they are content with the length of the lease. A short lease means that you will almost definitely need a lease extension at some point and you need to have some idea of what this will be. For most Horleylease extensions you will need to own the residence for two years in order to be entitled to extend the lease.

A couple of weeks ago I was informed by my bank that their approved conveyancers work on no sale no fee basis for conveyancing in Horley. I had a purchase fall through and now the solicitors have invoiced for search fees! They are stating that the fees are nothing to do with their fees!

Horley conveyancing search costs are separate expenses not solicitors costs as these are payable to a third party.