Me and my partner are due to exchange buying a property in Fratton and Portsea but as a result of wreckage from some water damage at the property I have was able negotiate recompense from the seller in the sum of £2k by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement yet RBS will not agree to this. Why were they notified?
Any property lawyer being on the RBS conveyancing panel is required to advise RBS of any amendments to the sale price. If you prohibit your conveyancer to notify the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new solicitor for your conveyancing in Fratton and Portsea.
Why is leasehold purchase conveyancing in Fratton and Portsea is more expensive?
Fratton and Portsea leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Fratton and Portsea so that I can attend their offices when needed.
Whereas this was necessary ten years ago, almost all lenders no longer oblige their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to provide identification documents and there are still manifest benefits to using a locally based practitioner, in your situation a conveyancing solicitor in Fratton and Portsea.
Have purchased a a semi-detached house in Fratton and Portsea , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Fratton and Portsea conveyancing solicitor has been painfully slow, so I want to be sure the registration is dealt with.
There is nothing unique about conveyancing in Fratton and Portsea registration formalities. Rather than based on location, timeframes can differ depending on who lodges the application, whether it is in order and if the Land registry must send notices to any interested persons or bodies. As of today roughly 80% of such applications are fully dealt with within 12 days but occasionally there can be extensive hold-ups. Registration is effected once the buyer is living at the property therefore an expedited registration is not usually top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer should contact the land registry and explain the circumstances.
Due to the encouragement of my in-laws I had a survey completed on a house in Fratton and Portsea in advance of retaining conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies may not issue a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Fratton and Portsea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fratton and Portsea to see if the conveyancing costs will increase in light of this.
Would local authority permission be required to convert a single dwelling into two flats in Fratton and Portsea? This has taken place to a house next door to my house in Fratton and Portsea and was unaware of the conversion until the works were complete.
Planning consent is needed for converting a single dwelling in Fratton and Portsea into flats but probably not for reverting once again to single dwelling-house so, in answer to your query, yes.