At what point does exchange of contracts happen for residential conveyancing in Kemp Town and do I need to attend the solicitors office?

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

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Kemp Town?

There are two types of lawyers who can execute conveyancing in Kemp Town namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that required to complete the sale or acquisition of property. They are both duty bound to execute Kemp Town conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that the requirements and procedures should be accurately taken.

A friend pointed out to me me that in purchasing a property in Kemp Town there may be various restrictions as to what one can do in terms of external alterations to the property. Is this right?

We are aware of a number of properties in Kemp Town which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Kemp Town should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

We are getting a further advance on our home loan from Aldermore as we intend to conduct improvements to our home in Kemp Town. Do we need to choose a high street Kemp Town solicitor on the Aldermore conveyancing panel to handle the legals?

Aldermore do not ordinarily instruct firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore list.

Will my solicitor be raising questions about flooding during the conveyancing in Kemp Town.

Flooding is a growing risk for solicitors specialising in conveyancing in Kemp Town. There are those who acquire a property in Kemp Town, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not best placed to give advice on flood risk, but there are a number of searches that may be undertaken by the purchaser or by their solicitors which should figure out the risks in Kemp Town. The standard completed inquiry forms given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the owner to discover if the premises has historically flooded. If the residence has been flooded in past and is not disclosed by the seller, then a buyer could issue a legal claim for losses as a result of such an inaccurate answer. A purchaser’s solicitors will also conduct an environmental report. This will indicate if there is a recorded flood risk. If so, additional investigations will need to be made.

Back In 2005, I bought a leasehold house in Kemp Town. Conveyancing and Nationwide Building Society mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Kemp Town who previously acted has long since retired. Any advice?

The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Kemp Town conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I am the registered owner of a 1st floor flat in Kemp Town, conveyancing was carried out January 1999. Can you work out an approximate cost of a lease extension? Comparable flats in Kemp Town with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease expires on 21st October 2075

With just 50 years unexpired we estimate the price of your lease extension to be between £31,400 and £36,200 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns 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 getting professional advice.

Your search tool is useful but there are many lawyers listed near Kemp Town being on the lender conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the bank approved panel?

We are not in the business of recommending one firm above another as the right Kemp Town conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Kemp Town knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..