The loan offer from HSBC for the refinancing of my 4 room flat is expected within the next few days. Can you put forward a low cost conveyancing solicitor in Kempshott?

This site is not designed to help those in their quest for a cheap conveyancing in Kempshott. We can offer you value for money conveyancing but our intention is not to advertise as being the cheapest. Do not be swayed by companies enticing you with £99 conveyancing in Kempshott. At best, in choosing a lawyer for cheap conveyancing, you will earn what you pay for and at worst it will result in you being stung for additional fees and still not receive the service expected.

Last September we completed a house move in Kempshott. We have noticed several problems with the house which we suspect were missed in the conveyancing searches. Is there anything we can do? What searches should? have been conducted as part of conveyancing in Kempshott?

The question is vague as what problems have arisen and if they are unique to conveyancing in Kempshott. Conveyancing searches and investigations undertaken as part of the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a seller fills in a questionnaire known as a SPIF. If the information proves to be misleading, then you may have a claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Kempshott.

A friend recommended that if I am purchasing in Kempshott I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is occasionally quoted for as part of the standard Kempshott conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Kempshott around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Kempshott Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Kempshott Education with plans and statistics, Local Amenities and other useful data concerning Kempshott.

I have been on the look out for a flat up to £235,500 and found one close by in Kempshott I like with amenity areas and station in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Kempshott for this price, so just wondered if I would be making a mistake purchasing a short lease?

If you require a home loan the shortness of the lease will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.

I work for a reputable estate agent office in Kempshott where we have experienced a number of flat sales put at risk due to short leases. I have been given contradictory information from local Kempshott conveyancing solicitors. Please can you confirm 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 commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 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 extend the lease informally by agreement with the landlord 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.

Kempshott Leasehold Conveyancing - A selection of Queries before Purchasing

The answer will be important as a) areas could cause problems for the building as the common areas may start to deteriorate if maintenance are not paid for b) if the leaseholders have a dispute with the managing agents you will wish to have all the details Most Kempshott leasehold properties will be liable to pay a service charge for maintenance of the block set by the landlord. Where you purchase the apartment you will have to pay this liability, usually in instalments accross the year. This can be anything from a couple of hundred pounds to thousands of pounds for large purpose-built buildings. In all probability there will be a ground rent to be met yearly, this is usually not a large sum, say approximately £50-£100 but you should to enquire it because sometimes it can be prohibitively expensive. Please note that where the lease has fewer than 80 years it will have adverse implications on the value of the property. It is worth checking with your mortgage company that they are content with residual term of the lease. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth finding out what this would cost. For most Kempshottlease extensions you would need to own the premises for a couple of years before you are legally able to extend the lease.