Having sold my house in Fareham last December but our buyer keeps e-mailing me to say his solicitor needs to hear from mysolicitor. What should my lawyer have done following completion?
Following your sale your lawyer should forward the transfer documentation and all additional paperwork to the purchaser's conveyancer. If applicable, your solicitor should also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers conveyancers. There are no post completion formalities peculiar conveyancing in Fareham.
We are aiming to move house in March. Does my conveyancing solicitor call the removal company on the completion day. As an aside, can you recommend a removal company in Fareham. Conveyancing lawyer was found before I stumbled across this website.
On the day of completion you will need to pick up the house keys from your selling agent but this should only be done after the vendors lawyers advise the agent that they acknowledge receipt of the completion payment and the keys can be handed over. You can tell the removal company that you are ready to move in. We are not in a position to suggest a specific removal company but can help you find a conveyancing in Fareham or a firm that specialises in conveyancing in Fareham.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Fareham bank branch on a couple of occasions and was told they are content with the situation and they will lend. My Fareham conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend in accordance with their specific requirements. Who do I believe?
Your conveyancing practitioner has to follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Our offer on a property in Fareham has been accepted, the vendors do nevertheless have a connected purchase. The owners have offered on a flat, but it’s not been accepted yet, and are looking at other flats in the pipeline. I have selected a nearby conveyancing solicitor in Fareham. What do I do now? When do I get the mortgage application with TSB going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is in the region of £1k, then valuation, Fareham conveyancing search costs, etc). First, you must check that your lawyer is on the TSB conveyancing panel. As to the next steps this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. During a rising market the majority of purchasers would apply for the mortgage with TSB and arrange for the valuation and only if it comes back ok would they pay their conveyancing practitioner to press on with searches.
Will our lawyer be making enquiries about flooding during the conveyancing in Fareham.
The risk of flooding is if increasing concern for solicitors dealing with homes in Fareham. Plenty of people will acquire a house in Fareham, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, however there are a numerous checks that may be carried out by the buyer or by their solicitors which should figure out the risks in Fareham. The conventional set of information supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a standard inquiry of the owner to find out if the premises has historically flooded. If the residence has been flooded in past and is not revealed by the owner, then a purchaser could commence a claim for damages as a result of such an misleading reply. A buyer’s conveyancers should also conduct an enviro search. This will indicate if there is any known flood risk. If so, more detailed investigations should be carried out.
How does conveyancing in Fareham differ for new build properties?
Most buyers of new build residence in Fareham approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because developers in Fareham usually buy 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 conveyancing solicitors 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 Fareham or who has acted in the same development.
In my capacity as executor for the estate of my grandfather I am selling a house in Neath but reside in Fareham. My conveyancer (who is 235 miles from merequires that I sign a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Fareham to attest this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Fareham based
My wife and I purchased a leasehold house in Fareham. Conveyancing and Nottingham Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Fareham who acted for me is not around. What should I do?
The first thing you should do is contact the Land Registry to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. There is no need to instruct a Fareham conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a leasehold flat in Fareham, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Fareham with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ends on 21st October 2080
With just 55 years unexpired we estimate the premium for your lease extension to be between £31,400 and £36,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range 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 due diligence. You should not use this information 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 should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.