I am buying a new build flat in West Byfleet. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in West Byfleet you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in West Byfleet.
Various web forums that I have frequented warn that are the number one reason for delay in West Byfleet conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in West Byfleet.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one round the corner in West Byfleet I like with open areas and railway links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in West Byfleet for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I'm remortgaging my existing house to a BTL mortgage with Birmingham Midshires and intend to use the remaining equity towards a second house. The location we are talking about is West Byfleet. Will your solicitors be able to act for the two lenders and tie in the two deals?
Make use of our search tool on this site to be sure that the lawyers are on the appropriate lender panels. On the basis that they are the conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make apparent your expectations and needs.
As a tenant I am on the hook for a maintenance fee for my ground floor flat in West Byfleet. Due to redundancy and other issues I fell into arrears with payments. I negotiated a payment schedule but there is still about £1750 currently outstanding.
I now wish to dispose of the property and I am nervous that this may hold me back if I have to settle the amount due first. I'd like to sell up and subsequently pay them back with the completion monies - is this practicable?
The conveyancer handing your West Byfleet sale should be in a position to negotiate with the appropriate parties, with a new to seeing if they would accept settlement out of the sale proceeds. This is an example of why it is advisable to use a conveyancer in West Byfleet as they may well have an established relationship with the parties.