Having sold my house in Bitterne last April yet the purchaser is Skype messaging every few hours to say their solicitor needs to hear from mylawyer. What are the post completion sale formalities now that I have sold?
Post completion of your sale your solicitor should forward the transfer documentation and all supplemental paperwork to the buyer’s lawyers. Where appropriate, your lawyer should also send confirmation that the home loan has been repaid to the buyers lawyers. There are no post completion tasks unique to conveyancing in Bitterne.
I have been referred to a conveyancing solicitor in Bitterne. I I am struggling to find out if they are accepted on the Leeds Building Society conveyancing panel. Could you advise?
The first thing you should do is contact the solicitor and enquire if they are on the lender panel. Alternatively you can get in touch with Leeds Building Society who may be able to assist.
What is your number one tip for choosing a conveyancing solicitor in Bitterne
It would be unwise to be tempted by the lowest Bitterne conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Bitterne conveyancer on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
The mortgage over my property is with Nottingham for my property in Bitterne. Conveyancing was finalised months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?
You must advise Nottingham before letting out your property as this is likely to be a breach of Nottingham’s mortgage conditions. It may be that Nottingham will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. It should not be necessary to do this via a Nottingham conveyancing panel firm.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Bitterne is where the house is located. What do you suggest?
Flying freeholds in Bitterne are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bitterne you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bitterne 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 property.
My business partner and I are wishing to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no costs for commercial conveyancing in Bitterne for below £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Bitterne, including the disposal and purchase of businesses as well as simply property. Whether you are intending to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right solicitor. As for the costs this will depend on the structure and nuances of the deal. Please provide us with your contact information or call us so that we may furnish you with a detailed commercial conveyancing quote.
Back In 2002, I bought a leasehold flat in Bitterne. Conveyancing and Skipton Building Society mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Bitterne who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of HMLR to make sure that this person is in fact the new freeholder. It is not necessary to incur the fees of a Bitterne conveyancing solicitor to do this as it can be done on-line for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a basement flat in Bitterne, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Bitterne with over 90 years remaining are worth £190,000. The ground rent is £45 yearly. The lease ends on 21st October 2086
With just 62 years remaining on your lease we estimate the premium for your lease extension to span between £17,100 and £19,800 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.