I am need of leasehold conveyancing for an apartment in a fairly new development (6 years old) in Chipstead. Almost all the properties are already sold. Do I need carry out the local searches as part of conveyancing in Chipstead?
You would be opening yourself up to an unnecessary risk in failing carrying out Chipstead conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would strongly advise in the strongest possible terms that you have them. Where speed and price are top of your issues you should discuss with your conveyancer about the options such as lack of search insurance available to you
I am acquiring a house for cash in Chipstead. I have been living for the previous 15 years in Chipstead. Conveyancing searches are exorbitant. As I know the road and vicinity very well must I have all the conveyancing searches?
If you not getting a mortgage, then the vast majority of the Chipstead conveyancing searches are at your discretion. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches carried out, but he is duty bound to take that path of advice. One thing to take into account; if you are intend to sell the house one day, it will likely be be of interest to your future buyer what the searches determine. Sometimes premises with day to day issues can still throw up negative search results.A good conveyancing solicitor in Chipstead should be able to give you some sensible guidance in this regard.
I am looking for a flat up to £245,000 and identified one near me in Chipstead I like with a park and station in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Chipstead suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years will be an issue. Discount the price 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 twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.