Do we need a chancel search? I am buying on the same street as a priory built in the 16th Century in Haywards Heath.
In Haywards Heath, where land was once owned by a lay impropriators, new owners of that property may be obliged to pay for repairs to older church buildings. Insurance may be available to protect a buyer should a Haywards Heath Parochial Church Council enforce liability. Haywards Heath church lands where chancel liability may apply include Church of the Ascension, Church of the Good Shepherd, Church of the Presentation and St Richard's.
What type of additional enquiries concerning the risk of floods in West Sussex will the conveyancer in Haywards Heath report on?
A crucial component in the legal due diligence process of purchasing a property involves the conveyancing lawyer conducting property conveyancing searches that set out details on the risk of flooding in Haywards Heath. A more in-depth West Sussex database search (most likely a Landmark Database search) may be advocated by your Haywards Heath conveyancing solicitor if in the event that the environmental search highlight any risk of flooding.
Do you recommend your solicitors to conduct the legal conveyancing of auction properties in Haywards Heath?
Yes - Our CQS solicitors commonly take instructions from bidders at auction. Our niche auction team of conveyancers have previously been instructed by numerous bidders at local Haywards Heath property auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.
Prepared buyers at auction know to decide on a SRA regulated property conveyancing lawyer as fast as possible to allow enough time for an investigation of the auction legal papers in advance of the auction day arrives.
Subsequently, immediately after the date of the auction your experienced lawyer is able to concentrate on quickly finishing the conveyancing inside a as tight time frame as required .
Should I get my short lease extended before selling?
Buyers are becoming increasingly wary of buying leaseholds with less than 90 years to run because, first, the cost of increasing a leasehold is becoming far more expensive, and, second, mortgage companies are becoming increasingly reticent to lend money to buy leases that have dropped below the 80-year mark (indeed, this will be one of the criteria that they set to ensure their investment is protected).
As a result, buyers will often insist that the leasehold be extended back up to the 99-year or 125-year typical thresholds before going ahead and buying it. So, as the current leaseholder, you will almost certainly be expected to do the legal work required to extend the lease to a level that buyers will be happy with.
How can we calculate stamp duty, and what should we budget for a £493000 home?
The rate of stamp duty you will owe is calculated with reference to the value of the house. On a £493000 residential property, stamp duty will be £14790.