Recently been in touch with my conveyancing lawyer in Bitterne who conducted the legals two years ago asking for a conveyancing quote based on the same type of home move (a leasehold residence and a freehold property) of almost identical values with a home loan from Coventry Building Society. I am now being quoted twice the amount. Stick with what I know or do I try and find an alternative firm of conveyancing solicitor?
The charges appear a tad high. Where you are content to invest time scrutinising quotes you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, if you were happy with the service the firm provided you maylive to rue choosing an a cheaper lawyer. Remember to be sure that the firm can represent Coventry Building Society. Do employ our search tool to choose a Bitterne conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Bitterne.
We see that you have a post code search directory listing firms on the Lloyds conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Bitterne?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bitterne.
Just acquired a semi-detached house in Bitterne , What is the estimated time for the Land Registry to record the transfer to my name? My Bitterne conveyancing solicitor works at snail pace, so I want to be certain that my ownership is registered.
As far as conveyancing in Bitterne is concerned, registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can vary depending on the party submitting the application, whether it is in order and if the Land registry have to notify any 3rd parties. At present in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be longer delays. Historically registration is effected after the purchaser has moved in to the premises therefore post completion formalities is not always top priority yet if there is a degree of urgency associated with the registration then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Bitterne differ for newly converted properties?
Most buyers of new build premises in Bitterne come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Bitterne usually purchase the land, 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 used to new build conveyancing in Bitterne or who has acted in the same development.
What makes a Bitterne lease unacceptable for security purposes?
There is nothing unique about leasehold conveyancing in Bitterne. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are not included. The following missing provisions could result in a defective lease:
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Service charge per centages that don't add up correctly leaving a shortfall A provision for the recovery of money spent for the benefit of another party.
You could have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Bank of Scotland, and Nottingham Building Society all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the purchaser to pull out.
I own a studio flat in Bitterne, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Bitterne with over 90 years remaining are worth £180,000. The ground rent is £65 charged once a year. The lease terminates on 21st October 2083
You have 58 years unexpired we estimate the price of your lease extension to be between £21,900 and £25,200 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
My sister completed her conveyancing in Bitterne in 2005. She has since got married, widowed and has recently married again. She now wants to the sell the Bitterne property. I think she will simply be asked to provide a copy of her marriage papers to the conveyancing practitioner however she is anxious it will hold up the conveyancing. Is it worth updating the title details for the house?
It is not absolutely necessary to update the register on the basis that you have the proof needed to demonstrate how the change of name resulted.
The buyer’s lawyer will examine the land registry entries and request evidence to prove the name change for example marriage documentation.