Should lawyers request an advanced payment when it comes to conveyancing in Bembridge?

If you are buying a property in Bembridge your lawyer will ask you to provide them with monies to cover the search fees. Ordinarily this is requested to cover the fees of the conveyancing searches. When the deposit is as part of the total price then this should be required shortly ahead of exchange of contracts. Any further balance that is needed should be sent to your lawyer a couple of days ahead of the completion date.

Are there restrictive covenants that are commonly identified as part of conveyancing in Bembridge?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Bembridge. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am selling my property. My previous conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Bembridge if that makes things easier.

Do use our search tool to help you choose a solicitor for your conveyancing in Bembridge. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.

My husband and I are new to the buying process - agreed a price, yet the estate agent has warned us that the seller will only proceed if we instruct the agent's preferred lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in Bembridge

It is highly unlikely the vendors are driving this. If they want ‘a quick sale', taking such a hostile approach to a motivated purchaser is is going to put the whole deal at risk. Try to communicate with the owners directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your preferred Bembridge conveyancing firm - not the ones that will provide the negotiator at the agency a introducer fee or meet his conveyancing targets pre-set by head office.

My wife and I may need to sub-let our Bembridge garden flat temporarily due to taking a sabbatical. We instructed a Bembridge conveyancing firm in 2001 but they have closed and we did not think at the time seek any guidance as to whether the lease permits subletting. How do we find out?

A small minority of properties in Bembridge do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.

I purchased a 1st floor flat in Bembridge, conveyancing having been completed 10 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Bembridge with over 90 years remaining are worth £216,000. The ground rent is £50 per annum. The lease finishes on 21st October 2094

With only 70 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as 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 cannot give you the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.