Is there a reason to use a Hailsham conveyancing company when online alternatives are easier on the wallet?

To take your time to find shop around for conveyancing costs in Hailsham and you should seek an affordable fee calculation but don’t become consumed with looking for the lowest priced Hailsham conveyancer. Identifying the right conveyancer can mark the difference between a seamless and a distressing move. You need to ensure that you have expert guidance from a trusted solicitor. An e-mail can never take the place of a telephone call and are no substitute for a face to face meeting. The firms that we work with will find you a qualified and experienced conveyancing solicitor that will handle your conveyancing from start to finish, giving the sort of hand holding that you will never get with an online conveyancer. He or She will update you on headway and keep you informed. Should it ever be necessary to phone the office you will be sure who to ask for and they will ensure you are kept fully informed.

Do the conveyancing lawyers that you recommend handle right to buy conveyancing in Hailsham?

We do have a number of conveyancing experts carrying out right to buy transactions Please call us in order to secure a costs illustration.

How does conveyancing in Hailsham differ for new build properties?

Most buyers of new build residence in Hailsham contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Hailsham typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hailsham or who has acted in the same development.

We're FTB’s - had an offer accepted, but the selling agent told us that the seller will only go ahead if we appoint their recommended conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local conveyancer used to conveyancing in Hailsham

We suspect that the seller is not behind this request. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Hailsham conveyancing firm - as opposed tothe ones that will give their estate agent a commission or achieve conveyancing thresholds demanded by senior management.

I am tempted by the attractive purchase price for a two flats in Hailsham which have about fifty years unexpired on the leases. Will this present a problem?

There is no doubt about it. A leasehold flat in Hailsham is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it adversely affects the value of the property. For most buyers and banks, leases with less than 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Hailsham conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Hailsham Conveyancing for Leasehold Flats - A selection of Queries before Purchasing

Where a Hailsham lease has no more than eighty years it will have adverse implications on the value of the flat. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering what this will be. For most Hailshamlease extensions you will need to own the premises for 24 months in order to be eligible to exercise a lease extension. Are any of leasehold owners in dispute over their service charge payments? It is important to be aware whether window replacement or some other significant cost is due in the near future to be shared by the tenants and may well materially increase the the service charges or require a one time invoice.