I am hoping to receive a mortgage offer from Lloyds. I would like to retain the legal services of a Licensed Conveyancer in Chandlers Ford. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
We are planning to acquire a house and require a conveyancing solicitor in Chandlers Ford who is on the TSB solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Chandlers Ford.
I have been on the look out for a ground for flat up to £195,000 and found one close by in Chandlers Ford I like with amenity areas and station nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Chandlers Ford suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be problematic. Reduce the offer by the anticipated 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 could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Chandlers Ford. I happened to discover a web site which looks to be the perfect offering If there is a chance to get all the legals done via phone that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Last October I purchased a leasehold flat in Chandlers Ford. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Chandlers Ford Leasehold Conveyancing - Examples of Queries before Purchasing
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What is the the remaining lease term? You should want to discover as much as possible about the managing agents as they will either make your life much simpler or uncomfortable. As the owner of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to day to day issues such as the tidiness of the communal areas. Enquire of prospective neighbours what they think of their management. Finally, find out the dates that you are obliged pay the maintenance charge to the managing agents and precisely how they are spending that money. Most Chandlers Ford leasehold apartments will have a service bill for the upkeep of the building invoiced by the freeholder. Where you purchase the property you will have to meet this charge, usually quarterly accross the year. This may be anything from a few hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a ground rent to be met yearly, normally this is not a exorbitant amount, say about £25-£75 but you need to enquire as on occasion it can be prohibitively expensive.
Me and my husband have agreed a price on a Chandlers Ford property we inherited 8 years ago in 2011. I have over a decades worth of conveyancing experience and, now retired, wish to do the conveyancing. The buyer's solicitor has informed me that their mortgage company will not allow us to do our own conveyancing requiring the funds to be sent to a solicitor's bank account.
Lending instructions to solicitors from all CML members specify that If the vendor is not legally represented the purchaser’s lawyers should check whether the lender needs to be notified so that a decision can be made if they are willing to move forward.