After what seems like an age a loan agreement from HSBC for the remortgage of my 2 bedroom apartment is expected by the end of next week. Are you able to recommend a cheap conveyancing solicitor in Dorset?
You have come to the wrong site to search for the lowest fares for conveyancing in Dorset. We can offer you cost effective conveyancing but we do not aim to advertise as being the cheapest. Do not be fooled by brokers offering the bait of low cost conveyancing in Dorset. In your best case scenario, in being led by cheap conveyancing, you will earn what you pay for and at worst it will result in you with a hefty uplift in extras and still not receive the service expected.
My solicitor has discovered a a problem with the lease for the property we are buying in Dorset. The seller’s lawyers have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer says that he must ensure that the mortgage company is content with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the lender 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 requirements. You and the lender are the client. The appropriate lender provisions must be adhered to.
My colleague suggested that if I am buying in Dorset I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Dorset conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Dorset around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Dorset Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Dorset Education with maps and statistics, Local Amenities and other useful information regarding Dorset.
How does conveyancing in Dorset differ for new build properties?
Most buyers of new build residence in Dorset approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Dorset usually acquire 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 conveyancers 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 accustomed to new build conveyancing in Dorset or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and found one close by in Dorset I like with open areas and station nearby, however it only has 49 remaining years left on the lease. There is not much else in Dorset in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I'm buying a bungalow in Dorset. I have found my conveyancer's company on the CLC list, but I can't locate my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not every individual in the practice must be listed by the regulator. As long there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unlicensed staff.