The lawyer who dealt with my former purchase has sent a quote for £1700 for no move no fee conveyancing in Fratton and Portsea. I’m looking to sell a modern detached home for £150,000. Is this overpriced? Is it in excess of what I should be paying for conveyancing in Fratton and Portsea?
The charges are a little high. If you shop around you may be able to get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, you mightcome to rue opting for an a cheaper solicitor. Don't forget to check the conveyancer can act for your bank. You can utilise our comparison tool to choose a Fratton and Portsea conveyancing firm on the banks member panel which can often include conveyancing solicitors in Fratton and Portsea.
We are planning to purchase with Coventry BS. I called into 3 or 4 local solicitors but am unable to find a Fratton and Portsea conveyancing firm on the Coventry BS panel. Please you assist?
Feel free to take advantage of the search tool on this site. Pick the mortgage company and type Fratton and Portsea or your preferred area and you will see a number of lawyer offices in Fratton and Portsea or by proximity to you.
This question may be naive but I am unseasoned as FTB of a garden flat in Fratton and Portsea. Do I pick up the keys to the property on completion from my lawyer? If so, I will instruct a High Street conveyancing solicitor in Fratton and Portsea?
On the day of completion you will not be required to go to the conveyancers office in Fratton and Portsea. Your solicitors will arrange to send the purchase money to the vendor’s solicitors, and once they have received this, you will be able to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
Is there a list of Nationwide panel conveyancers in Fratton and Portsea on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. A small selection of lenders make their panel listings viewable on the web. If you are in need of a Fratton and Portsea conveyancing practitioner on the Nationwide please use our tool.
I have paid off my mortgage with Barclays. I assume I don't need a Fratton and Portsea conveyancing practitioner on the Barclays panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
How does conveyancing in Fratton and Portsea differ for new build properties?
Most buyers of new build premises in Fratton and Portsea contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Fratton and Portsea tend to acquire the site, 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 property lawyers 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 Fratton and Portsea or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Fratton and Portsea is where the house is located. Is there any guidance you can give?
Flying freeholds in Fratton and Portsea are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fratton and Portsea you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fratton and Portsea may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I've recently bought a leasehold house in Fratton and Portsea. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner 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. A critical element of leasehold conveyancing for your conveyancer to be sure 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).
Leasehold Conveyancing in Fratton and Portsea - A selection of Queries Prior to buying
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How much is the yearly maintenance fee and ground rent? Is anyone aware of any major works on the horizon that will increase the maintenance costs?