Just been in touch with my conveyancing lawyer in West Haddon who acted for me 18 months ago requesting a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold property and a freehold premises) of almost identical values with a mortgage from Yorkshire Building Society. I am now being charged twice the amount. Should I look for a cheaper internet conveyancer?

The charges appear a bit high. If you are happy to expend time scrutinising prices you may be able to decrease the fees marginally by as much as £125. On the other hand, assuming were happy with the assistance the firm gave you mightlive to rue choosing an an unknown solicitor. If is important to enquire that the solicitor can also act for Yorkshire Building Society. Do utilise our search tool to select a West Haddon conveyancing firm on the Yorkshire Building Society conveyancing panel, which can often include conveyancing solicitors in West Haddon.

How does conveyancing in West Haddon differ for new build properties?

Most buyers of new build residence in West Haddon contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in West Haddon usually acquire the real estate, 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 property lawyers 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 accustomed to new build conveyancing in West Haddon or who has acted in the same development.

I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. West Haddon is the location of the property. Can you offer any advice?

Flying freeholds in West Haddon are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Haddon you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Haddon may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I'm converting the mortgage on my existing house to a BTL mortgage with Barnsley Building Society and intend to use the remaining equity as a deposit on a second house. The location we are interested in is West Haddon. Will your solicitors be able to act for both sets of banks and link together the two deals?

Do use our comparison tool on this site to ensure that the solicitors are approved by both lenders. Assuming that they are your conveyancer should be able to tie up the two conveyancing matters but you should talk with you solicitor and specify your desired outcome and needs.

I've recently bought a leasehold flat in West Haddon. Do I have any liability for service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in West Haddon - Examples of Questions you should consider before Purchasing

Does the lease have in excess of 85 years left? Many West Haddon leasehold flats will incur a service charge for maintenance of the block invoiced on behalf of the freeholder. Should you acquire the flat you will have to meet this charge, usually periodically during the year. This can differ from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a ground rent for you to pay annual, this is usually not a exorbitant amount, say approximately £25-£75 but you need to check it because on occasion it could be surprisingly expensive.