Souldusing a Petworth conveyancing firm make the ownership transfer smoother?

Existing third party connections are another important factor to consider when appointing conveyancing lawyers. Petworth conveyancers enjoy connections with financial advisers and estate, local authorities, surveyors and other conveyancing firms meaning you will move in shortest possible time. Hosting specialist experience in the local area is an advantage.

My wife and I are refinancing our maisonette in Petworth with UBS. We have a son 19 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two questions (1) Is this form unique to the UBS conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this compromise his rights to inherit the property?

On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to UBS. This is solely used to protect UBS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of UBS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

I am looking for a leasehold apartment up to £235,500 and found one round the corner in Petworth I like with open areas and railway links nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Petworth for this price, so just wondered if I would be making a mistake buying a short lease?

Should you need a home loan the shortness of the lease may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.

I am looking into buying my first house which is in Petworth and I am already nervous. I couldn't find anything specific about Petworth. Conveyancing will be needed in due course but do you know about the Petworth area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Petworth. In the meantime here are some basic statistics that we found

All being well we will complete the sale of our £350,000 maisonette in Petworth in nine days. The managing agents has quoted £312 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Petworth?

For the majority of leasehold sales in Petworth conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Completing pre-contract enquiries Where consent is required before sale in Petworth Supplying insurance information Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Petworth leasehold premises is £350. For Petworth conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide the information.

I bought a ground floor flat in Petworth, conveyancing was carried out in 1999. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Petworth with over 90 years remaining are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ceases on 21st October 2101

With 76 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed 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 taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.