Having been referred to your organisation we were about to appoint conveyancing solicitor in Bournemouth endorsed on your site but stumbled across alternative costs illustrations on the internet appear cheaper – why is this?
There are hundreds of solicitors advertising at first sight what seems to be the cheapest conveyancing in Bournemouth. You should think twice as to how important this transaction is to you that you are willing to take 'cheap' risks in relation to the standard of the legal work. Some embed extras well inside the terms of engagement. The conveyancers that we list for conveyancing in Bournemouth will notbehave this way.
Our solicitor has uncovered a a legal deficiency with the lease for the apartment we are purchasing in Bournemouth. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that he must be satisfied that the mortgage company is willing to move forward with this solution. Are we the client or is the lender?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the bank are the client. These conveyancing instructions must be adhered to.
It is a dozen years since I bought my home in Bournemouth. Conveyancing solicitors have now been retained on the sale but I can't track down my deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be retained by the mortgage company or they could stored with the solicitor who handled your purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Bournemouth involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
I used Arc property Solicitors several years ago for my conveyancing in Bournemouth. I now require my file but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bournemouth of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bournemouth. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Bournemouth
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it more attractive. I have subsequently found out that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Bournemouth. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Bournemouth ?
The majority of houses in Bournemouth are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Bournemouth in which case you should be shopping around for a Bournemouth conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’sconsent to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your lawyer should advise you fully on all the issues.
I purchased a studio flat in Bournemouth, conveyancing formalities finalised 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Bournemouth with an extended lease are worth £216,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2094
With 69 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.